A measure of the number of people with income below a certain figure
Absolute poverty
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A population with increasing average age, usually resulting in increased proportion of older to younger people
Ageing population
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Items which go into further production (eg. machines, factory buildings and can also refer to the finance acquired by a business to pay for its activities
Capital
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A general fall in the level of prices in a country
Deflation
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the increased efficiency of an economy to produce goods over time, measured by rising GDP
Economic growth
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the value of the output of an economy in a given period. Also the value of all earning and spending in an economy within a time period
Gross Domestic Product
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Other cards in this set
Card 2
Front
A population with increasing average age, usually resulting in increased proportion of older to younger people
Back
Ageing population
Card 3
Front
Items which go into further production (eg. machines, factory buildings and can also refer to the finance acquired by a business to pay for its activities
Back
Card 4
Front
A general fall in the level of prices in a country
Back
Card 5
Front
the increased efficiency of an economy to produce goods over time, measured by rising GDP
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