Question on: JAMB Economics - 2017
Which of the following is not an indicator of economic growth?
A
CPI
B
PPI
C
GDP
D
High Level of Unemployment
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Correct Option: C
* Economic growth refers to an increase in the production of goods and services in an economy over a period.
* **CPI** (Consumer Price Index) and **PPI** (Producer Price Index) are indicators of inflation. While high inflation can sometimes signal economic problems, they are not direct indicators of growth.
* **GDP** (Gross Domestic Product) is a primary measure of economic growth, reflecting the total value of goods and services produced.
* **High Level of Unemployment** indicates a problem within the economy. It suggests the economy is not using all available resources efficiently. A high level of unemployment is not an indicator of economic growth, but rather the opposite.
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