Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

AICE Econ AS Unit 5

Review of terms and concepts from Unit 5 of AICE Econ AS Level

TermDefinition
Labor Force The number of adults available for work.
Labor Force Participation Rate The labor force as a proportion of a total population.
Birth Rate Number of live births per 1000 people each year.
Death Rate Number of deaths per 1000 people each year.
Migration The movement of people from one country to another for the purpose of work.
Urbanisation An increasing proportion of the poplulation lives in large towns and cities.
Dependancy Ratio The proportion of the population that is not productive.
Unemployment Those who are willing and able to work but cannot find a job.
Labor Force Survey A quarterly government survey of employment and unemployment.
Cost of Living The cost of a range of goods that are nessecary for normal existance.
Consumer Price Index (CPI) Mesure of inflation used in the United States.
Nominal Value The face value of money.
Real Value The purchasing value of money calculated at the prices of the base year.
Aggregate Demand The total spending on goods and services in the economy.
Aggregate Supply The total production of an economy.
Types of Unemployment Frictional, structural, cyclical and seasonal.
Unemployment Rate The percentage of the labor force that is currently unemployed.
Long Run Aggregate Supply (LRAS) The potential output of an economy when firms are able to alter all of their factors of production.
Discouraged Worker Workers who are no longer unemployed because they have given up looking for a job.
Retail Price Index (RPI) Measure of inflation used in the UK.
Components of Gross Domestic Product (GDP) Consumption + Investment + Government Spending + Net Exports
Gross Domestic Product (GDP) A measurement of all new final products in an economy.
Economic Growth An increase in the productive potential in an economy.
Created by: M.Brock
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards