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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…

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Measured

CPI(expenditure ,food & price survey)
RPI

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