Macroeconomic objectives and indicators - Eduqas A-Level Economics (A520) quiz

Is measured at current market prices that rise whenever inflation occurs

Excludes all government spending and only counts private-sector output

Has the effect of inflation removed (measured at constant prices)

Is always larger than nominal GDP regardless of the rate of inflation

A movement to a point along the production possibility frontier

A temporary rightward shift of aggregate demand on its own

A short-run fall in the general price level across the economy

An outward shift of the production possibility frontier

Two or more consecutive quarters of falling real GDP

Any slowdown in the rate of economic growth, even while output is rising

A sustained rise in the headline rate of unemployment

A negative annual rate of consumer price inflation

The headline unemployment rate measured by the Labour Force Survey

The Consumer Prices Index, a weighted basket of goods

Nominal GDP measured at current market prices

The Gini coefficient of income inequality

Rising real output alongside a higher price level

A fall in the general price level (deflation)

Falling real output (a leftward shift of SRAS)

Excess aggregate demand pulling output above capacity

The general price level is falling across the economy

Inflation has fallen to zero and stays there permanently

Real GDP is falling over consecutive quarters

The rate of inflation is falling but still positive

Without a job, available to work and actively seeking work

Currently claiming unemployment-related benefits and nothing else

Economically inactive and not looking for any paid work

In part-time employment but wanting more hours of work

A general fall in aggregate demand during a cyclical downturn in the business cycle

A mismatch between the skills or location of the unemployed and available jobs

Workers moving voluntarily between jobs while searching for a better post

Wages held above the labour-market equilibrium by trade unions

Foreign direct investment

Changes in foreign-exchange reserves

Trade in goods and services

Portfolio investment flows

A fall in real GDP over the year

A rise in the domestic inflation rate

A government budget surplus on the fiscal account

A surplus on the financial account

A flow of money received over a period of time

A stock of assets owned at a single point in time

Always distributed far more unequally than wealth is

Earned only from paid employment and nothing else

Falls as income rises

Rises as income rises

Stays the same at every income level

Applies only to spending, not income