Last Minute Flashcards
1
Q
Unemployment rate
A
Unemployed/ economically active x 100
2
Q
Current balance made up of
A
In- out
Credits-debits
3
Q
Primary income
A
Rent, interest
4
Q
Secondary income
A
Gov transfers
5
Q
2 things to measure unemployment
A
Claimant count of unemployment
Job seekers allowance inaccurate
ILO more accurate
6
Q
What does hyper inflation lead to
A
Value of money deteriorates
7
Q
Net investment
A
After depreciation
8
Q
Trade in goods
A
Raw
Semi manufactured
Finished
9
Q
Trade in services
A
Transport
Financial
Tourism
10
Q
What does gov use to influence AD
A
Political priority
11
Q
Factors affecting investment
A
Interest rate
Tax
Business confidence
Tech
12
Q
Circular flow of income
A
Flow of goods and services and money in economy
