1/3
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
Real GDP
Total value of goods and services produced in an economy, over a period of time, adjusted for inflation
Lead Indicator
A performance indicator that provides information about the FUTURE state of the economy
Lag Indicator
A performance indicator that provides information about PAST and possibly CURRENT economic perfomance and the extent to which policy objectives have been achieved.
Performance Indicator
Provides information for judging the success or failure of a particular type of government policy (such as fiscal policy or monetary policy) in meeting the macroeconomic objectives
i.e. information for judging how well an economy is performing relative to its macroeconomic objectives