Performance and Economic Indicators (Grade 12 NSC Matric Economics): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Economic indicators
Economic indicators
Statistics showing behaviour of economic variables
Six categories of economic indicators
Six categories of economic indicators
Price change, trade, employment, productivity, monetary, social
PPI (Producer Price Index) measures
PPI (Producer Price Index) measures
Price changes for locally produced goods at factory & imports
CPI (Consumer Price Index) measures
CPI (Consumer Price Index) measures
Changes in cost of living & purchasing power of rand
Inflation
Inflation
When prices rise over extended periods of time
EAP (Economically Active Population)
EAP (Economically Active Population)
Labour force aged 15-65, working or actively seeking work
Labour productivity formula
Labour productivity formula
Real GDP divided by number of workers employed
Repo rate
Repo rate
Rate at which SARB lends money to commercial banks
M1 money supply includes
M1 money supply includes
Physical notes/coins + demand deposits (current accounts)
Terms of trade
Terms of trade
Compares prices of exports versus imports