Econmic indicators Flashcards
Inflation
the rise in general level of prices of goods and sevices from one year to the next
Inflation causes
demand pull inflation
cost push inflation
importanted inflation
goverment induced inflation
impacts
purchasing power
savings
job losses
unemployment
percentage of the labour force that is unemployed
unemployment falls
jobs avaible
high demand for goods
intrest
Cost of borrowing and reward for saving
rises in intrest
loans become more expensive
reduce disposable income
higher savings
econmic growth
percentages changes of gdp from one year to the next
impacts
enterprise
goverment
banks
econimic growth rises
wages rise
reduce taxes
more econmic activity
National debts
the total amout of money that a country owes domestically and internationally
NTMA
National teasurey management agency
impacts
taxes increases
gov cuts public spending
decresed sales
opportunity cost