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F585: The Global Economy - Key Definitions
Cards in this deck (5)
- 1Balance of paymentsRecords money flows into and out of a country, over a period of time.
- 2Real GDP growthA measure of total output of an economy, adjusting for the changes in price level.
- 3InflationThe sustained increase in the average price level, measured in the UK by changes in the CPI.
- 4UnemploymentArises when someone is out of work and actively seeking employment.
- 5Nominal GDP growthA measure of total output of an economy, not adjusting for the changes in price level.
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- Economics A2 (F585: The Global Economy) Flashcards on F585: The Global Economy - Key Definitions, created by Azra Kucukkaramu on 07/05/2014.
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- Azra Kucukkaramu
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