Question
Explain the meaning of indicators that are commonly used to determine how well the economy is doing, including: GDP, Gini coefficient, GHG emissions, inflation rate,
Explain the meaning of indicators that are commonly used to determine how well the economy is doing, including: GDP, Gini coefficient, GHG emissions, inflation rate, unemployment rate.
Complete the sentences to explain the meaning of each indicator above:
Using GDP growth as an economic indicator suggests the economy is doing well if _________.
Using the Gini coefficient as an economic indicator suggests the economy is doing well if _________.
Using the Inflation rate as an economic indicator suggests the economy is doing well if _________.
Using GHG emissions as an economic indicator suggests the economy is doing well if________.
Using Unemployment rate as an economic indicator suggests the economy is doing well if ________.
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