F585: The Global Economy - Key Definitions

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Economics A2 (F585: The Global Economy) Karteikarten am F585: The Global Economy - Key Definitions, erstellt von Azra Kucukkaramu am 07/05/2014.
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Zusammenfassung der Ressource

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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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