measures of economic performance Flashcards
(4 cards)
1
Q
objectives
A
low and stable inflation
low unemployment
sustainable economic growth
equilibrium in the balance of payments
2
Q
GDP
A
gross domestic product
measure quantity of goods and services produced
3
Q
economic growth
A
the change in output
4
Q
unemployment
A
able and willing to work but aren’t employed
measured by International Labour Organisation (ILO)
