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3 years ago

Match the economic indicator with its definition.

Social Studies

1 answer:

Anastasy [175]3 years ago

5 0

Answer:

Unemployment rate: Percentage of able workers without a job.

Inflation rate: Increase in the average level of prices.

New housing rate: The rate of growth of

residential construction.

Gross Domestic Product: Value of all goods and

services produced in a country.

Explanation:

The Unemployment rate is used to measure the ratio of unemployed workers and the entire labor force of a country.

Inflation rate: is used to measure the rising increase in prices of goods and services in a country over a certain period of time.

New housing rate: Housing rate defines or measures the changes in the growth or cost of residential homes and properties.

Gross Domestic Product : The gross domestic product is an economic account of goods produced in or services rendered by a country within a year.

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