8 Dec 2023 9:46 am
And?Vegas » 08 Dec 2023, 10:43 am » wrote: ↑ That's not the only gauge for the health of an economy. You do realize that there are more factors such as:
- Economic growth – real GDP growth.
- Inflation – e.g. target CPI inflation of 2%
- Unemployment – target of full employment
- Current account – satisfactory current account, e.g. low deficit.
- Government borrowing/national debt
- Real disposable incomes
- Income inequality (Gini coefficient)
- Labour productivity
- Investment levels
- Exchange rate
- Misery index (inflation rate + Unemployment rate)
- Poverty levels
- Measures of well-being – surveys which measure overall living standards. e.g. ONS well-being index.
- Human development index (HDI) – a measure of economic development. It is a composite index which includes real GDP per capita and also factors such as education, healthcare and environmental factors.
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