Economic Indicators

Inflation is the..

• Rising prices over a year..

• Rising rate of Interest rates..

• Rising house prices in a year

High Inflation causes?

• Increase in purchasing power

• Decrease in purchasing power

• Rise in prices

CPI Stands for..

• Consumer product interest

• Consumer price index

• Consumer place index

Consumer Price Index or CPI measures the overall change in the prices of goods and services

• True

• False

labour force are those who can work between the age of...

• 16-60

• 20-40

• 16-66

• 16-66

People who are not in work, but who are available for and actively seeking work

• unemployable

• unemployed

• the work force

Unemployed people can receive...

• Jobseekers benefit

• BIK

• Bonus

• Jobseekers allowance

APR stands for..

• Annual production rate

• Annual percentage rate

• Annual price rate

GDP stands for Gross Domestic Production.

• True

• False

When a country experiences economic growth which of the following DOES NOT happen?

• Employment increases

• Unemployment decreases

• People on Jobseekers allowance goes up

• Standard of living improves