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CPI (Consumer price index)
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When there is high inflation in country what are the measures taken by nation govt?
Govt measures inflation status by using economic policy instrument, fiscal and monetary policy directed toward market structure and the level of unemployment rate in the economy, because inflation and unmployment are corrolated. Finaly Govt mesure unemployment through inflation and inflation through unemployment.
Which economic indicator accounts for inflation and deflation by comparing average price changes to the prices of a chosen base year?
consumer price index
What are the 3 specific measures of economic performance that the US attempts to maximize to fulfill the goal of economic policy in the US?
Measures of Economic Performance(1) Gross Domestic Product (GDP)(2) Trade Gap(3) Rate of Inflation(4) Productivity of Labor
What impact will a negative demand shock have on the main measures of economic performance?
REal GDP will increase , inflation will increase, and unemployment will decrease
What economic indicator measures the change in prices of specific goods and services?
Gross Domestic Product
The economic indicator that measures inflation in the factors of production is called?
ppi
When there is high inflation in country what are the measures taken by nation govt?
Govt measures inflation status by using economic policy instrument, fiscal and monetary policy directed toward market structure and the level of unemployment rate in the economy, because inflation and unmployment are corrolated. Finaly Govt mesure unemployment through inflation and inflation through unemployment.
Which economic indicator accounts for inflation and deflation by comparing average price changes to the prices of a chosen base year?
consumer price index
What are the 3 specific measures of economic performance that the US attempts to maximize to fulfill the goal of economic policy in the US?
Measures of Economic Performance(1) Gross Domestic Product (GDP)(2) Trade Gap(3) Rate of Inflation(4) Productivity of Labor
What impact will a negative demand shock have on the main measures of economic performance?
REal GDP will increase , inflation will increase, and unemployment will decrease
Which economic indicator measures per capita GDP education and life expectancy to determine the development of a country?
human development index
What economic indicator measures the change in prices of specific goods and services?
Gross Domestic Product
Which economic indicator measures the change in prices of specific goods and services over time?
The Consumer Price Index (CPI) basically measures inflation. The CPI takes a basket of goods and sees how much each of those goods costs. A change in the price of this basket of goods produces a change in the CPI. The CPI is representative of the prices of all goods in the economy for the United States and measures the changes in these prices over time.
What is the relationship between CPI and inflation?
CPI is the indicator of inflation in any country.If CPI is high it means inflation is high.
Match the economic indicator with its type of measurements?
Retail sales: Growth Growth Domestic Product: Activity Consumer Price Index: Inflation Unemployment Rate: Inactivity
Which economic indicators measure inactivity rather than activity?
The unemployment rate is one indicator that measures inactivity rather than activity.
Which economic term describes a period of slow economic growth that also has inflation?
Recession
