Measurement of Macroeconomic Performance (AQA A-Level Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the primary purpose of macroeconomic indicators?
What is the primary purpose of macroeconomic indicators?
To measure economic performance
Which indicator tracks changes in the general price level?
Which indicator tracks changes in the general price level?
Consumer prices index (CPI)
What is the UK's inflation target as a key monetary policy indicator?
What is the UK's inflation target as a key monetary policy indicator?
2% measured by annual change in CPI
What do lead indicators predict?
What do lead indicators predict?
Future economic conditions
Which is an example of a lead indicator?
Which is an example of a lead indicator?
Consumer confidence surveys
Which is an example of a lag indicator?
Which is an example of a lag indicator?
GDP level data
Which indicator helps assess monetary policy performance?
Which indicator helps assess monetary policy performance?
Size and rate of change of money supply
What do labour productivity and productivity gaps allow comparison of?
What do labour productivity and productivity gaps allow comparison of?
UK performance with competitor countries
What does an increase in builders' skips (skip index) suggest?
What does an increase in builders' skips (skip index) suggest?
People feel wealthy and confident
How should informal confidence indicators be treated?
How should informal confidence indicators be treated?
With caution