IGCSE economics u6

Average income per head.

• real GDP
• nominal GDP
• GDP per capita
• economic growth

Growth in real output that is achieved 

• sustainable growth
• recession
• nominal GDP
• Business cycle

sustained increase in the total output or real GDP of an economy.

• GDP
• real GDP
• GDP growth
• GDP per capita

The value of the total output or income of an economy after adjusting for changes in price inflation over time. It is a measure of economic growth in the GDP of an economy assuming prices have remained constant over time

• GDP
• growth of GDP
• real GDP
• GDP per capita

The recurrent pattern of fairly predictable fluctuations in the growth rate of real GDP over time.

• recession
• real GDP
• value added
• Business cycle

The proportion of the labour force in an economy that is out of work but seeking employment.

• structural unemployment
• labour force
• frictional unemployment
• unemployment rate

Tags

CCSS.6.SP.B.5B

The total supply of labour or economically active population in an economy.

• population
• seasonal unemployment
• part time emplyment
• Labour force

Joblessness among workers because their skills are out of date and no longer wanted due to changes in demand patterns or technologies that have resulted in the decline of some established industries in an economy.

• structural unemployment
• frictional unemployment
• seasonal unemployment
• cyclical unemployment

Joblessness resulting from seasonal downturns in demand and economic activity in particular industries, such as in tourism, agriculture and construction.

• cyclical unemployment
• Part time employment
• Seasonal employment
• employment

A sustained or ongoing increase in the general level of prices in an economy.

• indexation
• hyperinflation
• inflation
• stagflation