Measures of economic performance

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Measures of economic performance
Balance of Payments
Trade in goods
Trade in services
Income
Current transfers
Balance of payments on current account
Capital transfers
Financial account
Unemployment
Causes
Frictional
Demand deficient
Technological
Seasonal
Real wage/ classical
structural
Measured
Claimant count (job seekers allowance)
ILO= international Labour Force Survey (people available to work)
Economic Growth
Measured
GDP
Types
Potential growth
Actual growth
Nominal growth]
Real growth
Non ­economic measures
Environment
Taxation
Quality of life
Social investment
Inflation

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Measured
CPI(expenditure ,food & price survey)
RPI…read more

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