Economic Performance Revision

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Across
  1. 1. The short name for the UK's unemployment benefit.
  2. 5. These are used to influence the importance OF items included in the CPI measure of inflation
  3. 8. This is two successive quarters of negative growth.
  4. 10. A type of unemployment that results from the time taken between jobs to apply for positions etc.
  5. 11. One of the three account of the balance of payments, which includes trade in goods and services.
  6. 12. The measure of unemployment that was replaced in the UK by the ILO. It records the number of people claiming unemployment benefit.
  7. 15. This politically neutral country demonstrates a highly competitive European economy with a generous and universal welfare state. It applies a high income tax that distributes income across the entire society - a model that is sometimes referred to as Nordic economics.
  8. 16. This is a measure of changes in a representative group of individual data points, usually shown against a base year of 100.
  9. 18. THE HDI combines measures from three different areas. This combination is often referred to as it being a ............... measure.
Down
  1. 2. This is a form of unemployment that results from a mismatch between demand in the labour market and the skills and locations of the workers seeking employment.
  2. 3. This account records the flow of capital/assets between the UK and the rest of the world.
  3. 4. This occurs when a country's total imports of goods and services are greater than the country's greater exports of goods and service.
  4. 6. The main measure of economic output reported in the UK (and the economics specification)
  5. 7. The UK's inflation target is 2%. However a margin of 1% either side is allowable, making the target ...?
  6. 9. A falling inflation rate suggests that prices are rising less quickly. However a negative inflation rate suggests ...?
  7. 13. These are costs of inflation that represent the cost of updating prices
  8. 14. The measure of inflation used in the official inflation target.
  9. 17. When there is large income inequality, we consider there to be a large _ _ _ between the rich and the poor.