1. National Income and Economic Growth – Defining national income and explaining its significance in measuring economic performance.

2. Circular Flow of Income and Injections – Identifying injections into the circular flow of income and their impact on economic activity.

3. Purchasing Power Parities and GDP Calculation – Understanding PPP adjustments in GDP comparisons and calculating total UK GDP from per capita data.

4. Unemployment Measurement and Claimant Count – Defining the claimant count and calculating percentage changes in unemployment over time.

5. Trade Balance and Economic Indicators – Analyzing the UK’s trade deficit trends and explaining factors that reduce trade deficits.

6. Inflation, Interest Rates, and Economic Policy – Assessing the effects of inflation on monetary policy and discussing the risks of deflation for the UK economy.