Economic Indicators

Finish the sentence......Economic indicators.....

• Provide an insight into the direction in which the businesses are going

• Provide an insight into the direction in which the economy is going

• Provide an insight into the direction in which the government is going

Inflation refers to...

• The decrease in the general level of prices of goods and services

• The increase in the general level output of goods and services

• The increase in the general level of prices of goods and services

One type of inflation is...

• Exported inflation

• Imported Inflation

• Net Inflation

Demand full inflation happens when....

• Excess demand pulls the price upwards

• Extra costs push the price upwards

• VAT increases

Inflation reduces purchasing power of households?

• True

• False

High Unemployment may lead to....

• Cheaper borrowing

• Decreased economic growth

• Increased savings

Low interest rates will....

• Encourage people and businesses to save more

• Encourage people and businesses to borrow more

National debt refers to...

• The total amount of money a business has borrowed

• The total amount of money a government has borrowed

• The total amount of money a household has borrowed

An impact of national debt could be.....

• Taxes increase

• Salaries decrease

• Interest rates increase

GNP stands for

• Gross Net Product

• Gross National Product

• Gross New Product