March 21, 2018 

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ANDEAN COMMUNITY: The Andean Community (CAN) is a subregional organization endowed with an international legal status, which is made up of Bolivia, Colombia, Ecuador, Peru and Venezuela. The main objectives of the Andean Community are to promote the balanced and harmonious development of the member countries under equitable conditions, to boost their growth through integration and economic and social cooperation and to enhance participation in the regional integration process with a view to the progressive formation of a Latin American common market. The Andean Community started operating on August 1, 1997 with a General Secretariat, whose headquarters are in Lima (Peru), as its executive body.

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Lesson 12: Business Cycles | Unit 3: Measurement Page: 15 of 26

Topic: Lagging <=PAGE BACK | PAGE NEXT=>

Lagging economic indicators lag the turning points of business cycles by 3 to 12 months.
  • Lagging indicators 'seal the deal' by certifying that a contraction or an expansion is over.
  • The next turning point usually doesn't begin until lagging indicators confirm that the last one has happened.
  • Seven statistics are used as lagging indicators, including in the inflation rate, consumer debt, and the prime interest rate.
  • The Composite Index of Lagging Indicators, displayed in this graph, combines all seven into a single number. This index turns after the official business cycle.

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A subset of the balance of payments current account that records the difference between the payments received for exports of services to other nations and the payments made for the imports of services from other nations. The flow of payments is for intangible services, not for physical or tangible goods. The balance on services is thus appropriately divided into services exported and services imported. Two other subsets of the current account include the balance on merchandise trade and unilateral transfers. The commonly termed balance of trade is the sum of the balance on merchandise trade and the balance on services.

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Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius looking to buy either a rechargeable battery for your camera or a coffee cup commemorating the first day of spring. Be on the lookout for attractive cable television service repair people.
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A half gallon milk jug holds about $50 in pennies.
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