Podcast
Questions and Answers
Macroeconomics studies the behaviour of an economy as a ______
Macroeconomics studies the behaviour of an economy as a ______
whole
Macroeconomics looks at the effects of policies such as change in ______ or higher/lower interest rates
Macroeconomics looks at the effects of policies such as change in ______ or higher/lower interest rates
taxation
Macroeconomics studies inflation, growth, progress in human development, trade, and ______
Macroeconomics studies inflation, growth, progress in human development, trade, and ______
globalisation
One of the main macroeconomic objectives is Economic Growth - improving living standards and levels of economic ______
One of the main macroeconomic objectives is Economic Growth - improving living standards and levels of economic ______
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Unemployment - maintaining full employment or low ______
Unemployment - maintaining full employment or low ______
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Inflation - limiting or controlling inflation to achieve price ______
Inflation - limiting or controlling inflation to achieve price ______
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Short-run growth results from using ______ resources
Short-run growth results from using ______ resources
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Long-run growth increases an economy’s potential level of real ______
Long-run growth increases an economy’s potential level of real ______
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GDP can be split into Real and ______ GDP
GDP can be split into Real and ______ GDP
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Government targets full employment or low ______
Government targets full employment or low ______
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Full employment can be defined when unemployment is below ______%
Full employment can be defined when unemployment is below ______%
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Unemployment is measured using Claimant count and Labour force ______
Unemployment is measured using Claimant count and Labour force ______
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_______ is a persistent or continuing rise in the average price level
_______ is a persistent or continuing rise in the average price level
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_______ is the official measure (from 2011 onwards) to calculate UK rate of inflation
_______ is the official measure (from 2011 onwards) to calculate UK rate of inflation
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RPI is the former measure of inflation, generally higher than _______
RPI is the former measure of inflation, generally higher than _______
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Inflation is measured in 2 main ways - the Consumer Price Index (CPI) and the Retail Price Index (_______)
Inflation is measured in 2 main ways - the Consumer Price Index (CPI) and the Retail Price Index (_______)
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If value of imports > value of exports, then there is a trade _______
If value of imports > value of exports, then there is a trade _______
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The UK government targets a “satisfactory” balance of _______
The UK government targets a “satisfactory” balance of _______
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