Q18 Complete the passage below using the words in the word bank. Each word is used once.


Interest rates


Consumer Price Index (CPI)


Labour Force Survey


Inflation


Employment rates


Demand-pull inflation


employment National debt Cost-push Full


inflation European Cost-of-living


Economic growth


_____________________ measures the rise in the prices of goods and services over time in an economy. It is measured by the CSO us- ing the _____________________ and is used to calculate changes in the _____________________. When demand for goods and services exceeds sup- ply, scarcity pushes prices up, which is known as _____________________. When the cost of production increases and firms raise their prices to maintain their profits, this is known as _____________________.


_____________________ measure the percentage of people of work- ing age in paid work, with the figures published by the CSO in the _____________________. Unemployment of around 4% is known as _____________________ in an economy.


_____________________ are the cost of borrowing or the reward for sav- ing, and are set for Ireland by the __________________________________. _____________________ is the total income earned in a country over a period of time, while _____________________ is the percentage increase in national income from one period to the next. The _____________________ is the total amount of government borrowing, which is managed by the NTMA.


Central Bank (ECB)


National income


403


STRAND 3 CHAPTER 35: Economic indicators


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