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2.1, GNI-Gross national income, GNP-gross national product, GDP+net…
2.1
Economic growth
increase in the production of economic goods and services, compared from one period of time to another
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GDP per capita (i.e. per head)=
Dividing the total GDP by the size of the population tells you the amount of national income per person
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Employment
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Underemployed-When worker’s skills are under-used or workers are not working as many hours as they would like
Measures of employment-Claimant Count Measure - the number of people claiming unemployment benefits
Labour Force Survey - actively sought work in previous four weeks and available to start work in the next 2 weeks
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