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Q 1/33
Score 0
The study of the interrelationships between economic variables at an aggregate level
30
Macroeconomics
Q 2/33
Score 0
The value of an economic variable based on current prices, taking no account of changing prices through time
30
Nominal value
33 questions
Q.
The study of the interrelationships between economic variables at an aggregate level
1
30 sec
Q.
The value of an economic variable based on current prices, taking no account of changing prices through time
2
30 sec
Q.
The value of an economic variable, taking account of changing prices through time
3
30 sec
Q.
A device for comparing the value of a variable in one period or location with a base observation (e.g. the consumer price index measures the average level of prices relative to a base period)
4
30 sec
Q.
An expansion in productive capacity of the economy
5
30 sec
Q.
A measure of the economic activity carried out in the domestic economy over a period
6
30 sec
Q.
GDP plus net income from abroad
7
30 sec
Q.
The rate of growth of GDP in a period
8
30 sec
Q.
A phenomenon whereby GDP fluctuates around its underlying trend, following a regular pattern
9
30 sec
Q.
The average level of GNI per head of population
10
30 sec
Q.
The rate of increase in the average price level in an economy
11
30 sec
Q.
A measure of the general level of prices in the UK, the rate of change of which has been used as the government's inflation target since January 2004
12
30 sec
Q.
A measure of the average level of prices in the UK
13
30 sec
Q.
A fall in the average level of prices (negative inflation)
14
30 sec
Q.
A fall in the rate of inflation
15
30 sec
Q.
People who are either working for firms or other organisations or self-employed
16
30 sec
Q.
Those people of working age who are not looking for work, for a variety of reasons
17
30 sec
Q.
People who have been unable to find employment and who are not longer looking for work
18
30 sec
Q.
People who are economically active - either in employment or unemployed
19
30 sec
Q.
People who are economically active but are not in employment
20
30 sec
Q.
A situation where people are economically active in the workforce and are willing and able to work (at going wage rates) are able to find employment
21
30 sec
Q.
The number of people claiming the Jobseeker's Allowance each month
22
30 sec
Q.
A measure of the percentage of the workforce who are without jobs, but are available to work, willing to work and looking for work
23
30 sec
Q.
Where an individual is employed in a second-choice occupation or is only able to work part-time but would like to work full-time
24
30 sec
Q.
Unemployment associated with job search (e.g. people who are between jobs)
25
30 sec
Q.
Unemployment arising because of changes in the pattern of economic activity within an economy
26
30 sec
Q.
Unemployment that arises during the downturn of the economic cycle, such as recession
27
30 sec
Q.
Unemployment that arises because of a deficiency of aggregate demand in the economy, so that the equilibrium level of output is below full employment
28
30 sec
Q.
Unemployment that arises in seasons of the year when demand is relatively low
29
30 sec
Q.
Situation arising when an individual chooses not to accept a job at the going wage rate
30
30 sec
Q.
Situation arising when an individual who would like to accept a job at the going wage rate is unable to find employment
31
30 sec
Q.
A set of accounts showing the transactions conducted between residents of a country and the rest of the world
