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.

the united states has a federal government. the president is the head of the federal government of the united states. however, each state forms its government for administration purposes. the powers of the state governments are exercised within restricted state boundaries. and citizens participate in this government by voting.

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