If real GDP falls in one quarter compared with the quarter before

If real GDP falls for two consecutive quarters

If real GDP falls in one year compared with the year before

If real GDP falls for two consecutive years

People aged 60 who have retired early

Full-time students who do not have paid employment

People who have chosen to care for their families or homes rather than seek paid employment

People who have lost their jobs because of the recession and cannot at present find another job

Unemployed people aged 16-17 who have left school

Unemployed people aged 60 or more

People who work part-time but want to work full-time

Unemployed people who have not worked long enough to be entitled to Job-Seekers’ Allowance

Even in the worst recorded cases of hyperinflation, the price level always took at last a week to double

Some people lose out if actual inflation turns out to be below the rate they expected

Some people lose out if actual inflation turns out to be above the rate they expected

Some people lose out if actual inflation turns out to be equal the rate they expected

The GDP deflator is a price index that covers all goods and services included in GDP

The RPI is a price index that covers a wide range of goods and services bought by households

The CPI is a price index that covers a wide range of goods and services bought by households

The CPI generally rises more quickly than the RPI