The Key Indicators of Economic Performance
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Key Indicators of Economic Performance
Economic performance refers to the measurement of an economy’s health and growth over time. There are several key indicators that are commonly used to assess economic performance and make economic forecasts. Here are some of the most important indicators:
- Gross Domestic Product (GDP): GDP is the most widely used indicator of economic performance. It measures the total value of goods and services produced in a country over a given period of time. GDP provides a comprehensive picture of an economy’s size and growth, and is often used to compare the economic performance of different countries.
- Gross National Product (GNP): GNP is similar to GDP, but it measures the total value of goods and services produced by a country’s residents, regardless of where they are located. GNP provides a more accurate picture of an economy’s size and growth than GDP, as it takes into account the income earned by citizens abroad.
- Consumer Price Index (CPI): The CPI measures the average change in prices of a basket of goods and services consumed by households over a given period of time. It is used to measure inflation and to make comparisons between the prices of goods and services at different points in time.
- Unemployment Rate: The unemployment rate measures the percentage of the labor force that is unemployed but actively seeking employment. It is a key indicator of labor market conditions and can provide insights into the health of the economy.
- Retail Sales: Retail sales measures the total value of sales made by retailers over a given period of time. It provides a measure of consumer spending and is an important indicator of consumer confidence and the overall health of the economy.
- Industrial Production: Industrial production measures the output of manufacturing, mining, and utilities over a given period of time. It provides a measure of industrial activity and is an important indicator of the health of the manufacturing sector.
- Housing Starts: Housing starts measure the number of new homes that began construction in a given period of time. It is an important indicator of the health of the housing market and the overall economy.
- Balance of Trade: The balance of trade measures the difference between a country’s exports and imports over a given period of time. It provides a measure of the country’s competitiveness in international trade and can have a significant impact on the economy.
- Interest Rates: Interest rates are the costs of borrowing and the returns on saving. They are set by central banks and are used to control the supply of money and manage inflation. Interest rates can have a significant impact on economic growth, consumer spending, and investment.
- Stock Market Indices: Stock market indices are measures of the overall performance of a stock market, such as the S&P 500 or the Dow Jones Industrial Average. They provide a measure of investor sentiment and are important indicators of the overall health of the economy.
In conclusion, there are several key indicators that are commonly used to assess economic performance and make economic forecasts. These include GDP, GNP, CPI, unemployment rate, retail sales, industrial production, housing starts, balance of trade, interest rates, and stock market indices. These indicators provide a comprehensive picture of an economy’s size, growth, inflation, labor market conditions, consumer spending, industrial activity, housing market, international trade competitiveness, monetary policy, and investor sentiment.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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The Key Indicators of Economic Performance
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