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Chapter 2. A Beginner's Guide: Understanding the Lingo

Chapter 2. A Beginner's Guide: Understanding the Lingo

Every field of study has its own jargon, an assortment of words or phrases with which one has to grow familiar to understand the subject. Economic indicators are no different. You will regularly come across certain terms and expressions when dealing with measures of economic performance. No need to worry, though. The language of economic indicators is fairly straightforward if you give it a chance. In many cases their meaning and significance are surprisingly obvious. So let's proceed with some of the most common concepts you'll encounter when reading about these indicators.


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