Economics Macro Economics Worksheet Unit 2
Unit 2
Name: ________________________ Date:______________________
1. Macro economy is______________________________________________________
2. Economic growth is ____________________________________________________
_____________________________________________________________________
3. Measure of economic growth is ___________________________________________
However,_____________________________________________________________
4. Real GDP is not same as Nominal/Monetary GDP because _____________________
5. GDP does not measure living standards as __________________________________
_____________________________________________________________________
6. Economic Growth rate is ________________________________________________
7. Trend Growth rate is ___________________________________________________
8. Output Gap is _________________________________________________________
9. Productivity gap is _____________________________________________________
10. Recession means ______________________________________________________
, 11. Positive output gap means ______________________________________________
12. Inflation means _______________________________________________________
13. Measures of inflation are ________________________________________________
14. RPI is _______________________________________________________________
15. CPI is _______________________________________________________________
16. The difference between RPI and RPIX _____________________________________
17. Inflation Target is ______________________________________________________
18. RPI and CPI may not be able to reflect the exact inflation as ____________________
_____________________________________________________________________
19. Unemployment is ______________________________________________________
_____________________________________________________________________
20. The claimant count of unemployed includes _________________________________
21. JSA is________________________________________________________________
22. Only those who are____________________________ and _____________________
may claim JSA
23. However, JSA ________________________________________________________
24. However, ILO (LFS) ___________________________________________________
Unit 2
Name: ________________________ Date:______________________
1. Macro economy is______________________________________________________
2. Economic growth is ____________________________________________________
_____________________________________________________________________
3. Measure of economic growth is ___________________________________________
However,_____________________________________________________________
4. Real GDP is not same as Nominal/Monetary GDP because _____________________
5. GDP does not measure living standards as __________________________________
_____________________________________________________________________
6. Economic Growth rate is ________________________________________________
7. Trend Growth rate is ___________________________________________________
8. Output Gap is _________________________________________________________
9. Productivity gap is _____________________________________________________
10. Recession means ______________________________________________________
, 11. Positive output gap means ______________________________________________
12. Inflation means _______________________________________________________
13. Measures of inflation are ________________________________________________
14. RPI is _______________________________________________________________
15. CPI is _______________________________________________________________
16. The difference between RPI and RPIX _____________________________________
17. Inflation Target is ______________________________________________________
18. RPI and CPI may not be able to reflect the exact inflation as ____________________
_____________________________________________________________________
19. Unemployment is ______________________________________________________
_____________________________________________________________________
20. The claimant count of unemployed includes _________________________________
21. JSA is________________________________________________________________
22. Only those who are____________________________ and _____________________
may claim JSA
23. However, JSA ________________________________________________________
24. However, ILO (LFS) ___________________________________________________
