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economics > measuring economic performance > Flashcards

measuring economic performance Flashcards

1
Q

macro economic indicators (4)

A

economic growth
inflation
unemployment
trade balance

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2
Q

measures of economic growth

A

GDP
GNI- NET income from abroad
GNP- total output of citizens of a country (abroad or not)

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3
Q

GDP limitations

A 
doesn't factor:
hidden economy 
public spending 
income inequality 
working hours, working conditions etc.
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economics (1 decks)

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