2.3 Economic performance
2.3.1 Economic growth and the economic cycle
2.3 Economic performance 1
, Output gap: difference between the actual output and potential output in an
economy.
Short term effects of a recession
2.3 Economic performance 2
, 2.3.2 Employment and unemployment
People who are willing and able to work, but can’t find a job.
Measures of unemployment:
Claimant count - those seeking benefits, online, 18+
LFS - telephone interview survey, 16+
2.3 Economic performance 3
2.3.1 Economic growth and the economic cycle
2.3 Economic performance 1
, Output gap: difference between the actual output and potential output in an
economy.
Short term effects of a recession
2.3 Economic performance 2
, 2.3.2 Employment and unemployment
People who are willing and able to work, but can’t find a job.
Measures of unemployment:
Claimant count - those seeking benefits, online, 18+
LFS - telephone interview survey, 16+
2.3 Economic performance 3
