In your opinion what are good indicators to gauge the performance of the economy?
Answer:
gdp growth, inflation, unemployment
If I can afford a candy bar after I fill my gas tank. It's either getting better, or they charged me too little.
Real GDP/capita, Growth Real GDP/Capita, inflation, unemployment.
That people have jobs, and for doing those jobs, they can have comfy lives.
That there is a reasonable, not insanely huge, gap between the richest and the poorest.
That even the poorest are OK, not starving or suffering.
Indicators to gauge the performance of an economy are the annual rates of growth of its GDP, its per capita National Income, its employment rate, the changes in average level of prices or the inflation rate, the rate of increase in employment, the level of cuurrrent account deficit/surplus, the level of foreign exchange reserves, the stabilty of currency exchange rate, the distribution of income, the intensity of use of exhaustible resources per unit of GDP, the quality of education, infrastucture and civic services, the environmental pollution and level of corruption.
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