Match the economic indicator with its definition. Unemployment
rate
Value of all goods and
services produced in a
country
Inflation rate
2
Percentage of able
workers without a job.
New housing
rate
2
Increase in the average
level of prices.
Gross Domestic
Product
?
The rate of growth of
residential construction.

Unemployment rate: Percentage of able workers without a job.

Inflation rate: Increase in the average level of prices.

New housing rate: The rate of growth of

residential construction.

Gross Domestic Product: Value of all goods and

services produced in a country.

Explanation:

The Unemployment rate is used to measure the ratio of unemployed workers and the entire labor force of a country.

Inflation rate: is used to measure the rising increase in prices of goods and services in a country over a certain period of time.

New housing rate: Housing rate defines or measures the changes in the growth or cost of residential homes and properties.

Gross Domestic Product : The gross domestic product is an economic account of goods produced in or services rendered by a country within a year.

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