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Business Cycle
Forecasting economic activity
Specification Detail


Understand that business activity tends to rise and
fall and that changes in the level of economic activity
can have serious effects on small businesses
Looking at the UK


Here
How do business cycles affect
                       small businesses?


   The UK economic output is constantly changing, with periods of
   economic growth and periods of economic decline.

   Below is a table showing the UK Economic output between 1976 and
   2012: Here and Here

  Year      197   1978   1980   1982   1984   1986   1988   1990   1992   1994   1996   1998   2000   2002   2004   2006   2008   2010   2012
             6
% change
in the UK
economi
 c output   3     2.5    -1.5    0      3      4      5     -0.3    -1    3.5     3     3.25   3.75    2     2.9    2.6     -1     -2    -0.3




   Create a line graph to show this data
Try to highlight these labels onto your graph
A recession is the falling output for two successive
quarters of the year, ie six months in a row.
5. business cycle
5. business cycle

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5. business cycle

  • 2. Specification Detail Understand that business activity tends to rise and fall and that changes in the level of economic activity can have serious effects on small businesses
  • 3. Looking at the UK Here
  • 4. How do business cycles affect small businesses? The UK economic output is constantly changing, with periods of economic growth and periods of economic decline. Below is a table showing the UK Economic output between 1976 and 2012: Here and Here Year 197 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 6 % change in the UK economi c output 3 2.5 -1.5 0 3 4 5 -0.3 -1 3.5 3 3.25 3.75 2 2.9 2.6 -1 -2 -0.3 Create a line graph to show this data
  • 5. Try to highlight these labels onto your graph A recession is the falling output for two successive quarters of the year, ie six months in a row.