Saturday, May 22, 2010

Can you define these business/economics words ??

C,G,I,N-M=


Full Employment =


Indexed Pension=


GDP deflator=





please indicate your source , Ty

Can you define these business/economics words ??
The first one escapes me.





Full employment means all useful labor is employed. Theoretically when unemployment is zero. People who don't have ANY marketable skills are usually not considered by economists.





Indexed Pension increases on the INDEX. Sometimes Inflation is used sometimes market indexes are used. The index can be any market index.





GDP deflator or implicit price deflator for GDP basically measures all new nationally produced goods.
Reply:Full employment refers generally to the complete ulitization of all factors of production.
Reply:An indexed pension rises at the same rate of inflation.


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