Enhance Your Learning with Economics - Economic Indicators Flash Cards for quick learning
The total value of all goods and services produced within a country's borders in a specific time period, usually a year.
The percentage of the labor force that is unemployed and actively seeking employment.
The rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.
The cost of borrowing money or the return on investment, expressed as a percentage.
A measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
A family of indexes that measures the average change over time in selling prices received by domestic producers of goods and services.
A statistical measure of the value of a section of the stock market, representing the performance of a group of stocks.
The value of one currency for the purpose of conversion to another.
The difference between the value of a country's exports and the value of its imports.
The total amount of money that a country's government has borrowed, usually through the issuance of bonds.
The percentage of the working-age population that is either employed or actively seeking employment.
The unequal distribution of income among individuals or households within an economy.
The percentage of the population living below the poverty line, which is set by the government as the minimum level of income needed to meet basic needs.
An increase in the production of goods and services in an economy over a specific period of time.
The measure of output per unit of input, such as labor or capital, in the production of goods and services.
The fluctuation in economic activity that occurs over time, consisting of periods of expansion, peak, contraction, and trough.
The use of government spending and taxation to influence the economy.
The process by which a central bank controls the supply of money, often targeting inflation or interest rates to stabilize the economy.
The economic model of how prices are determined in a market, based on the interaction of supply of goods and services and demand for them.
A measure of how sensitive the quantity demanded of a good or service is to changes in its price.
A measure of how sensitive the quantity supplied of a good or service is to changes in its price.
The characteristics of a market, including the number of firms, the ease of entry and exit, and the degree of product differentiation.
A market structure in which there is only one seller of a product or service, with no close substitutes.
A market structure in which a few large firms dominate the market and compete with each other.
A market structure in which there are many small firms that sell identical products and have no market power.
A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).
A composite index that measures the average achievements in a country in three basic dimensions of human development: a long and healthy life, knowledge, and a decent standard of living.
A set of 17 global goals adopted by the United Nations to achieve a better and more sustainable future for all, addressing various social, economic, and environmental challenges.
An investment made by a company or individual in one country into business interests located in another country.
The money collected by the government through taxes and other sources, and the money spent by the government on various programs and services.
The total amount of money that a country's government owes to creditors, usually in the form of bonds or other government securities.
The relationship between economic indicators, such as unemployment rate and inflation rate, and the overall performance of the economy as measured by GDP.
The relationship between economic indicators, such as labor force participation rate and income inequality, and the level of employment in the economy.
The relationship between economic indicators, such as consumer price index and producer price index, and the rate of inflation in the economy.
The relationship between economic indicators, such as monetary policy and fiscal policy, and the level of interest rates in the economy.
The relationship between economic indicators, such as stock market indices and foreign direct investment, and the performance of the stock market.
The relationship between economic indicators, such as balance of trade and exchange rates, and the value of a country's currency in the foreign exchange market.
The relationship between economic indicators, such as balance of trade and government debt, and the level of international trade in the economy.
The relationship between economic indicators, such as government revenue and expenditure, and the role of government in the economy.
The relationship between economic indicators, such as business cycle and market structure, and the fluctuations in economic activity over time.
The relationship between economic indicators, such as market structure and price elasticity of demand, and the characteristics of markets in the economy.
The relationship between economic indicators, such as Gini coefficient and poverty rate, and the distribution of income among individuals or households in the economy.
The relationship between economic indicators, such as poverty rate and human development index, and the level of poverty in the economy.
The relationship between economic indicators, such as economic growth and productivity, and the overall expansion of the economy over time.
The relationship between economic indicators, such as productivity and business cycle, and the efficiency of production in the economy.