Natural rate...?Teoh said:What are some important statistics of information you need to know for the exam???
There's obviously:
Growth-
Unemployment rate-
Inflation rate- (2-3% band)
Exchange rate?-
Deregulation of an industry???
Interest rate-
Anyone got anything else?
CADTeoh said:What are some important statistics of information you need to know for the exam???
There's obviously:
Growth-
Unemployment rate-
Inflation rate- (2-3% band)
Exchange rate?-
Deregulation of an industry???
Interest rate-
Anyone got anything else?
i reckon u do need to know the natural rate because u will need it to assess how well the government is in the area of unempoyment. And the trend of decreasing natural is quiet important to mention, relating to mirco-reforms and stuffs like that.jimmik said:nah u dun hav to kno the natural rate cuz yes it is jus a concept. its too difficult for us to accurately measure our natural rate anyway (altho if u look in Bulmer there is a formula for it)