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Why is GDP on its own not very useful?
What is the difference between actual economic growth and potential economic growth?
What exactly is GDP
If Economic growth is to be measured using income rises, what values must be used?
What it GNP?
What is GNI?
What 5 things does the evaluation of growth figures depend on?
What are purchasing power parities?
What are the 6 limitations of using GDP to compare living standards between countries?
What is the easterlin paradox?
What are the 2 surveys needed to calculate inflation using the CPI?
What are 6 limitations of using the CPI to measure inflation?
What is the RPI?
What causes demand pull inflation?
Give 3 examples of things that cause cost-push inflation
Name 3 effects of inflation for consumers
Name 5 effects of inflation for firms
What are the 3 effects of inflation on the government?
What are the 2 main effects of inflation on workers?
What are the 2 main measures of unemployment?
What is underemployment?
What are 5 of the factors effecting employment?
What are the 5 types of unemployment?
What are 5 reasons for cyclical unemployment?
What could be used to reduce cyclical unemployment?
What are the 5 effects of unemployment?
What is the balance of payments?
What is investment income?
What happens to the current account balance of payments when there is a rise in interest rates?
