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Saturday, 10 December 2011 23:00 |
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Economic Indicators are data or Statistics which are piece on information, usually of macro economic scale, that indicate the health of the economy.
The Economic Indicators are used by investors, analysts and economists to interpret and analyse the present situation and predict the future performance. It also helps in the study of business cycles.
Economic indicators include various data points, specific pieces of data released by government and non-profit organizations like :
- The Consumer Price Index (CPI)
- Gross Domestic Product (GDP)
- Unemployment figures
- Industrial Production Data
Economic indicators can be broadly classified as following :
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Tuesday, 08 November 2011 19:11 |
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What is GDP?
GDP is computed as the total final value of goods and services produced within the boundaries of a specific region (e.g. a country) in a given period of time (e.g. a year). It is measured in terms of final value of the product after deducting the costs of intermediary goods (e.g. raw materials) used to produce the final product, so as to avoid double counting.
GDP is also referred as the size of the economy and is widely used to gauge the health of a country’s economic situation, as it gives a picture of consumption capacity of the country and also affects the level of employment.
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