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Definitions: Year 1 Macro - Measuring the Economy (scramble)

Quiz by Mark Seccombe

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33 questions
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  • Q1
    The study of the interrelationships between economic variables at an aggregate level
    Users re-arrange answers into correct order
    Jumble
    30s
  • Q2
    The value of an economic variable based on current prices, taking no account of changing prices through time
    Users re-arrange answers into correct order
    Jumble
    30s
  • Q3
    The value of an economic variable, taking account of changing prices through time
    Users re-arrange answers into correct order
    Jumble
    30s
  • Q4
    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)
    Users re-arrange answers into correct order
    Jumble
    30s
  • Q5
    An expansion in productive capacity of the economy
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    Jumble
    30s
  • Q6
    A measure of the economic activity carried out in the domestic economy over a period
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    Jumble
    30s
  • Q7
    GDP plus net income from abroad
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    Jumble
    30s
  • Q8
    The rate of growth of GDP in a period
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    Jumble
    30s
  • Q9
    A phenomenon whereby GDP fluctuates around its underlying trend, following a regular pattern
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    Jumble
    30s
  • Q10
    The average level of GNI per head of population
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    Jumble
    30s
  • Q11
    The rate of increase in the average price level in an economy
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    Jumble
    30s
  • Q12
    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
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    Jumble
    30s
  • Q13
    A measure of the average level of prices in the UK
    Users re-arrange answers into correct order
    Jumble
    30s
  • Q14
    A fall in the average level of prices (negative inflation)
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    Jumble
    30s
  • Q15
    A fall in the rate of inflation
    Users re-arrange answers into correct order
    Jumble
    30s

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