1
Q
What is a macroeconomic indicator?
A
Indicators that provide information from recent economic performance for judging the success or failure of a particular type of government policy.
2
Q
What are some examples of a macroeconomic indicator?
A
- Real GDP
- Real GDP per capita
- Consumer Prices Index
3
Q
How can macroeconomic indicators be divided?
A
- Lead indicators
- Lag indicators
4
Q
What are lead macroeconomic indicators?
A
Provide information about the future state of the economy (stemming from the way people are currently forming their expectations).
5
Q
What are lag macroeconomic indicators?
A
Provide information about the past and (possibly) current economic performance and the extent to which policy objectives have been achieved.
6
Q
A
Ricardo A Level Economics (AQA)
flashcards
Decks in class (81)
# Cards
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3.1.1 - Economic Methodology and the Economic Problem24
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3.1.2 - The Nature and Purpose of Economic Activity24
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3.1.3 - Economic Resources10
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3.1.4 - Scarcity, Choice and the Allocation of Resources11
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3.1.5 - Production Possibility Diagrams21
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3.2.1 - Consumer Behaviour33
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3.2.2 - Imperfect Information8
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3.2.3 - Aspects of Behavioural Economic Theory48
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3.2.4 - Behavioural Economics and Economic Policy18
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3.3.1 - The Determinants of Demand29
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3.3.2 - Price, Income and Cross Elasticities of Demand24
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3.3.3 - The Supply of Goods and Services20
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3.3.4 - Price Elasticity of Supply21
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3.3.5 - The Determination of Equilibrium Market Prices19
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3.3.6 - The Interrelationship Between Markets12
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3.4.1 - Production18
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3.4.2 - Specialisation, Division of Labour and Exchange17
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3.4.3 - The Law of Diminishing Returns and Returns to Scale34
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3.4.4 - Costs of Production33
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3.4.5 - Economies and Diseconomies of Scale83
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3.4.6 - Marginal, Average and Total Revenue51
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3.4.7 - Profit29
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3.4.8 - Technological Change49
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3.5.1 - Market Structures29
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3.5.2 - The Objectives of Firms38
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3.5.3 - Perfect Competition33
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3.5.4 - Monopoly and Monopoly Power30
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3.5.5 - The Advantages and Disadvantages of Monopoly15
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3.5.6 - Monopolistic Competition35
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3.5.7 - Oligopoly49
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3.5.8 - Price Discrimination16
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3.5.9 - The Dynamics of Competition and Competitive Market Processes13
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3.5.10 - Contestable and Non-Contestable Markets24
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3.5.11 - Market Structure, Static Efficiency, Dynamic Efficiency and Resource Allocation20
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3.5.12 - Consumer and Producer Surplus35
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3.6.1 - The Demand for Labour37
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3.6.2 - Influences on the Supply of Labour to Different Labour Markets25
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3.6.3 - Perfectly Competitive Labour Markets14
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3.6.4 - Imperfectly Competitive Labour Markets21
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3.6.5 - The Influence of Trade Unions in Determining Wages and Levels of Employment25
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3.6.6 - The National Minimum Wage8
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3.6.7 - Discrimination in the Labour Market18
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3.7.1 - The Distribution of Income and Wealth54
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3.7.2 - The Problem of Poverty20
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3.7.3 - Government Policies to Alleviate Poverty and to Influence the Distribution of Income and Wealth35
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3.8.1 - How Markets and Prices Allocate Resources22
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3.8.2 - The Meaning of Market Failure9
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3.8.3 - Private Goods, Public Goods and Quasi-Public Goods27
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3.8.4 - Positive and Negative Externalities in Production and Consumption58
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3.8.5 - Merit and Demerit Goods24
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3.8.6 - Market Imperfections5
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3.8.7 - Competition Policy29
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3.8.8 - Public Ownership, Privitisation, Regulation and Deregulation of Markets51
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3.8.9 - Government Intervention in Markets26
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3.8.10 - Government Failure9
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Microeconomics Equations6
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4.9.1 - The Objectives of Government Economic Policy57
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4.9.2 - Macroeconomic Indicators6
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4.9.3 - The Uses of Index Numbers5
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4.9.4 - Uses of National Income Data28
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4.10.1 - The Circular Flow of Income14
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4.10.2 - Aggregate Demand and Aggregate Supply Analysis24
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4.10.3 - The Determinants of Aggregate Demand27
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4.10.4 - Aggregate Demand and the Level of Economic Activity20
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4.10.5 - Determinants of SRAS6
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4.10.6 - Determinants of LRAS8
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4.11.1 - Economic Growth and the Economic Cycle39
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4.11.2 - Employment and Unemployment60
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4.11.3 - Inflation and Deflation46
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4.11.4 - Conflicts between Macroeconomic Policy Objectives13
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4.12.1 - The Structure of Financial Markets and Financial Assets40
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4.12.2 - Commercial Banks and Investment Banks26
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4.12.3 - Central Banks and Monetary Policy47
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4.12.4 - The Regulation of the Financial System16
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4.13.1 - Fiscal Policy89
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4.13.2 - Supply-side Policies32
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4.14.1 - Globalisation20
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4.14.2 - Trade24
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4.14.3 - The Balance of Payments45
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4.15.1 - Exchange Rate Systems29
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4.15.2 - Economic Growth and Development35
