2.1 Measures of economic performance

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Across
  1. 1. A measure of people of working age who are either unwilling or unable to work
  2. 3. A positive correlation between GDP and hapiness at low levels of income but higher levels of income are not associated with increases in hapiness
  3. 5. Workers are employed but want to work more hours or are in a job which is below their skill level
  4. 8. An index number measuring a weighted average of the price of conumer goods and services ata point in time
  5. 10. Inflows on the current account of the balance of payments are greater than outflows
  6. 15. Values that have been adjusted to remove the effects of inflation
  7. 18. ONS measure of National Well-being using a number of indicators
  8. 21. People who are in work and those of working age who are willing and able to work
  9. 23. The rate of change in the average price level
  10. 25. The payment of money across international boundaries that has no corresponding output
  11. 27. GDP plus net overseas interest payments and dividends
  12. 30. The proportion of people in work relative to the size of the workforce
  13. 31. Where people are not willing to work at the curretn wage rate
  14. 32. Sum of trade in goods, services, income and current transfers
  15. 33. Total value of output produced divided by population
  16. 34. When workers are unemplyed for short lengths of time between jobs
  17. 35. An increase in general level of prices caused by increase in costs of production such as rise in wages or a fall in exchange rate
Down
  1. 2. Measures the number of people receiving Jobseeker's Allowance
  2. 4. When there is insufficient demand in the economy for all workers who wish to work at current wage rates to obtain a job
  3. 6. A fall in the rate of inflation
  4. 7. Exchange rate removes differences n living costs between countries enabling comparison of living standards to be more meaningful
  5. 9. When the pattern of demand and production changes leaving workers unemployed in labour markets where demand has shrunk
  6. 11. People who are willing and available to work, but are not currently employed
  7. 12. Record of payments between one country and the rest of the world, made up of current, financial and capital accounts
  8. 13. An increase in general level of prices caused by increase in consumption, investment, government spending ot net-exports
  9. 14. Values that are measures in money terms and include the effects of inflation
  10. 16. When workers are unemployed at certain times of the year
  11. 17. A fall in general level of prices
  12. 19. The value of output prodcued per year
  13. 20. Outflows on the current account of the balance of payments are greater than inflows
  14. 22. Face to face and telephone survey of 80,000 households from a representative sample of the population to measure unemployment
  15. 24. The reward for investments in other countries comprising interest, profits and dividends
  16. 26. An index number measuring a weighted average for the price of consumer goods and services ata point in time
  17. 28. Those who would take a job if offered, but are not in work and are not currently seeking work plus those who are underemployed
  18. 29. Quality of life