Economic Definitions

Descrição

NCEA level 3 Economics FlashCards sobre Economic Definitions, criado por sophia.menzies9 em 05-10-2013.
sophia.menzies9
FlashCards por sophia.menzies9, atualizado more than 1 year ago
sophia.menzies9
Criado por sophia.menzies9 aproximadamente 11 anos atrás
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Resumo de Recurso

Questão Responda
What does is GDP Gross Domestic Product The total value of goods produced and services provided in a country during one year.
International Trade The exchange of capital goods, and services across international borders or territories.
Exports Sending a commodity, article, goods or service to another country for sale.
Export receipts These are the receipts gained from from export goods and services.
Imports Bringing goods and services into a country to sell.
Import payments When a country imports goods or services payments are made to the country who is exporting goods or services. These payments are known as import payments.
Net exports Net exports is the difference between the value of exports and imports of output in an economy over a certain period, measured in the currency of that economy.
Economic growth Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real GDP.
Commodities A raw material or primary agricultural product that can be bought and sold, such as copper or coffee.

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