6a definitions Flashcards
1
Q
CPI
A
Measures the rate of change of everyday items. Based on a basket of goods.
2
Q
RPI
A
Measures the rate of change of everyday items. Based on a basket of goods.
3
Q
GDP
A
Value of goods and services a country produces within a stated time period.
4
Q
Index number
A
price / base year price ×100
5
Q
Standard Population
A
number in age group / total population x1000
6
Q
Crude birth/death rate
A
Crude birth/death rate is the number of births/deaths per thousand of population.
