2.1 Measures of economic performance Flashcards
1
Q
Active population
A
those who work or are actively seeking work.
2
Q
Activity rate
A
the number of those in work or unemployed divided by the population of working age expressed as a percentage.
3
Q
Balance of payments account
A
a record of all financial dealings over a period of time between economic agents of one country and all other countries.
4
Q
Balance of trade
A
the value of visible exports minus visible imports.
5
Q
Capital and financial accounts
A
part of the balance of payments where flows of savings, investment and currency recorded.
