View
971
Download
4
Embed Size (px)
DESCRIPTION
Take a look at the indicators of Economic Performance. Useful in your revision
Citation preview
Indicators of Economic Performance
1. Employment a. Workforce = paid employment + people not in work
Measured by:
Claimant Count (though to underestimate)
Labour Force Survey (ILO Survey)
2. Inflationa. Consumer Price Index (CPI)b. Retail Price Index (RPI, not widely used)
3. Sustainable Growtha. Changes in real output/GDP/GNP
4. Current Account Balance in the Balance of Payments
X=M or Exports (X) = Imports (M)
M>X = Deficit
x>M = Surplus
Visible Trade (tangible goods)
Invisible Goods (intangible goods)
a. Servicesb. Transfers (private transfers)c. Investment Income (interest, profits, dividends)