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F585: The Global Economy - Key Definitions

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Economics A2 (F585: The Global Economy) FlashCards sobre F585: The Global Economy - Key Definitions, criado por Azra Kucukkaramu em 07-05-2014.
Azra Kucukkaramu
FlashCards por Azra Kucukkaramu, atualizado more than 1 year ago
Azra Kucukkaramu
Criado por Azra Kucukkaramu mais de 10 anos atrás
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Resumo de Recurso

Questão Responda
Balance of payments Records money flows into and out of a country, over a period of time.
Real GDP growth A measure of total output of an economy, adjusting for the changes in price level.
Inflation The sustained increase in the average price level, measured in the UK by changes in the CPI.
Unemployment Arises when someone is out of work and actively seeking employment.
Nominal GDP growth A measure of total output of an economy, not adjusting for the changes in price level.

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