OCR•GCSE•Economics
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The National Economy
Macroeconomic indicators, economic growth, and the business cycle
Practice 55 subtopics in The National Economy. All questions match the OCR GCSE specification.
About The National Economy
The National Economy is a key topic in the OCR GCSE Economicsspecification. This topic covers macroeconomic indicators, economic growth, and the business cycle.
Master all 55 subtopics below with unlimited AI-generated questions. Each subtopic page includes sample questions and the ability to generate unlimited practice questions with detailed solutions.
All Subtopics (55)
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Random Practice
Practice any subtopic from The National Economy
Gross Domestic Product (GDP)Real GDPNominal GDPGDP per capitaInflation rateUnemployment rateDefinition of economic growthShort-run growthLong-run growthActual growthPotential growthBenefits of economic growthHigher living standardsMore jobsHigher tax revenuesCosts of economic growthEnvironmental damageInequalityInflation pressureBoomRecessionSlumpRecoveryPeakTroughCharacteristics of each phaseOutput during business cycleEmployment during business cycleDefinition of inflationMeasuring inflationConsumer Prices Index (CPI)Causes of inflationDemand-pull inflationCost-push inflationEffects of inflationReduced purchasing powerUncertainty for businessesInternational competitivenessMenu costsShoe leather costsWinners and losers from inflationDefinition of unemploymentMeasuring unemploymentClaimant countLabour Force SurveyTypes of unemploymentCyclical unemploymentStructural unemploymentFrictional unemploymentSeasonal unemploymentCauses of unemploymentEffects of unemploymentOn individualsOn economyOn government
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Choose any subtopic above to begin practicing with unlimited AI-generated questions.
Start with Gross Domestic Product (GDP)