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