IFSE - CIFC - Unit 4 exam solved 100%

IFSE - CIFC - Unit 4 exam solved 100% 3 Common Economic Indicators -Correct Answer-1. Gross Domestic Product (GDP) 2. Inflation Rate 3. Unemployment Rate Gross Domestic Product (GDP) -Correct Answer-A measure of the total market value of all the final goods and services produced in the economy in a year. Measured in dollars. Consumer Price Index (CPI) -Correct Answer-a measure of the overall cost of about 600 goods and services bought by a typical consumer. Calculated in relation to a base year. Increase generally mean less money for investors being able to invest. Income investors may need more investment income to cover basic living expenses. Annual Inflation -Correct Answer-The rate of change in the general price level, year to year. *CPI relates to a base year, while inflation is year to year. Unanticipated Inflation -Correct Answer-It distributes purchasing power from lenders to borrowers Included in labour force -Correct Answer-- Employed (full time & part time) - Unemployed (actively looking for work) Not included in labour force -Correct Answer-- Retired persons - Students - Unpaid family workers - Others not looking for work Statistics Canada collects employment and unemployment numbers how often? -Correct Answer-Monthly Relationship between GDP and Unemployment -Correct Answer-Inversely proportional Recessio