Economic growth and the cycle

When extra demand feeds mainly into rising prices instead of output.

Which indicator best signals where an economy sits in its cycle.

Conclusion available from four years of falling but still positive growth rates.

Events expected when trend growth is weak, no gap exists and labour hours shrink.

Best explanation for falling prices coinciding with plentiful jobs.

Which change would most likely boost British sales to overseas buyers.

Give the meaning of a sustained fall in the general level of prices.

State two notable characteristics of the price data across the years shown.

Give the meaning of an economy returning to growth after a downturn.

Work out goods imports for that year from the stated trade shortfall.

State two notable characteristics of the trade data across the years shown.

Explain the impact of weakening competitiveness abroad on a nation's rate of expansion.

Evaluate measures capable of lastingly improving Britain's trade position.

Explaining why joblessness climbed even though the economy expanded overall.

Likely effects on prices, purchases from abroad and jobs as a negative gap widens.

What a deflationary stance actually aims to achieve.

Which set of circumstances would widen a shortfall on the external account.

Likely consequence for an economy expanding rapidly over the short term.

Give the meaning of stable prices as referred to in the extract.

State two notable contrasts between British and German expansion across the years shown.

Explain the effect of weaker worldwide growth on jobs within Britain.

Give the meaning of the share of the labour force without work.

Likely reason for a sharp yearly jump in food purchased from abroad.

Conditions helping hold prices steady while demand-led expansion cuts joblessness.

Policy combination best suited to shrinking an external surplus.

Circumstance making demand-deficient joblessness most probable.

Single change generating both demand and cost pressures that raise prices.

Which statement correctly describes how an external shortfall responds to change.

Conclusion about performance as the plotted path moves between two marked points.

What must hold true when the external account records a surplus.

Most probable explanation for a drop in the jobless total.

Give the meaning of a currency losing value against other currencies.

Work out British cars built for overseas buyers per vehicle sold domestically.

State two notable contrasts between overseas and domestic vehicle output across the years shown.

Explain two influences that could reduce the quantity of British goods sold abroad.

Assess whether faster expansion must always bring rising prices with it.