1. Explain the measurement of the economy.

2. Describe the circular flow of national income.

3. Explain the concept of equilibrium and why national income can rise and fall.

4. Describe the benefits of economic growth.

5. Describe GDP accounting with the income and expenditure methods.

6. Describe unemployment and how it is measured.

7. Define the different types of unemployment.

8. Define inflation and how it is measured.