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F585: The Global Economy - Key Definitions

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(F585: The Global Economy) Economics A2 Fichas sobre F585: The Global Economy - Key Definitions, creado por Azra Kucukkaramu el 07/05/2014.
Azra Kucukkaramu
Fichas por Azra Kucukkaramu, actualizado hace más de 1 año
Azra Kucukkaramu
Creado por Azra Kucukkaramu hace alrededor de 10 años
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Pregunta Respuesta
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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