OCR Definitions for Paper 2
Help!
|
|
||||
|---|---|---|---|---|---|
| Economic growth | show 🗑
|
||||
| show | Total value of goods and services produced in an economy in a year.
🗑
|
||||
| GDP per capita | show 🗑
|
||||
| show | Spending on capital goods.
🗑
|
||||
| How changes in technology cause economic growth | show 🗑
|
||||
| Size of workforce | show 🗑
|
||||
| show | An increase in the skills of the workforce will improve the quality of labour.
🗑
|
||||
| Availability of natural resources | show 🗑
|
||||
| Employment | show 🗑
|
||||
| show | When workers are willing and able to work but unable to find employment.
🗑
|
||||
| show | A measure of unemployment counting the number of people who are claiming unemployment benefits.
🗑
|
||||
| show | The percentage of the workforce who are unemployed.
🗑
|
||||
| Cyclical unemployment | show 🗑
|
||||
| Frictional unemployment | show 🗑
|
||||
| show | Unemployment when there is a lack of demand during a certain period of the year.
🗑
|
||||
| Structural unemployment | show 🗑
|
||||
| show | How incomes are shared out between individuals and households.
🗑
|
||||
| show | The reward for a service provided by a factor of production.
🗑
|
||||
| show | A stock of assets at a point in time.
🗑
|
||||
| show | When the general level of prices stays constant.
🗑
|
||||
| Inflation | show 🗑
|
||||
| show | Method used to calculate the rate of inflation.
🗑
|
||||
| show | The value of something in money terms.
🗑
|
||||
| show | The value of something when inflation is taken into account.
🗑
|
||||
| Government spending | show 🗑
|
||||
| Government revenue | show 🗑
|
||||
| show | A tax on income or wealth.
🗑
|
||||
| Indirect taxes | show 🗑
|
||||
| show | When tax revenue is equal to government spending.
🗑
|
||||
| Budget surplus | show 🗑
|
||||
| show | When tax revenue is less than government spending.
🗑
|
||||
| Fiscal policy | show 🗑
|
||||
| show | Tax that takes a higher percentage of tax the higher the income.
🗑
|
||||
| Monetary policy | show 🗑
|
||||
| show | Policies that increase the productive potential of an economy.
🗑
|
||||
| show | Beneficial effect of an economic activity on a third party.
🗑
|
||||
| Negative externalities | show 🗑
|
||||
| Incidence of tax | show 🗑
|
||||
| Subsidies | show 🗑
|
||||
| show | Expenditure for provision of public goods.
🗑
|
||||
| Legislation | show 🗑
|
||||
| Regulation | show 🗑
|
||||
| show | Ensuring economic agents have access to the information they need.
🗑
|
||||
| show | Goods and services produced in one country and sold to another country.
🗑
|
||||
| Imports | show 🗑
|
||||
| show | International trade without any restrictions such as trade barriers.
🗑
|
||||
| European Union | show 🗑
|
||||
| Balance of payments | show 🗑
|
||||
| show | When goods and services that have been imported are greater than those exported.
🗑
|
||||
| Current account surplus | show 🗑
|
||||
| show | The price of one currency in terms of another currency.
🗑
|
||||
| Currency | show 🗑
|
||||
| Globalisation | show 🗑
|
||||
| Development | show 🗑
|
||||
| Developed country | show 🗑
|
||||
| show | These are countries that rely on labour- intensive industries and have a low GDP per capita.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
victoria.shaw
Popular Economics sets