Macro 1st set of 12

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  • Created by: inayah
  • Created on: 09-04-14 12:11
AD
the total demand for a countries good/service at a given price level and in a given time period
1 of 12
APC
the proportion of disposable income spent. It is consumer expenditure divided by disposable income
2 of 12
APS
the proportion of disposable income saved.It is saving divided by disposable income
3 of 12
AS
the total amount that producers in an economy are willing and able to supply at a given price level and a given time period
4 of 12
Automatic stabilisers
forms of govt spending and taxation that change automatically to offset fluctuations in economic activity
5 of 12
BOP
a record of money flows coming in and out of a country
6 of 12
CA Deficit
when more money is leaving the country than entering it, as a result sales of its exports , income and current transfers from abroad being less than imports , income and current transfers going abroad
7 of 12
Capacity utilisation
the extent to which firms are using their capital goods
8 of 12
Circular flow of income
the movement of spending and income throughout the economy
9 of 12
Claimant count
a measure of unemployment that included those receiving unemployment related benefits
10 of 12
Consumer confidence
how optimistic consumers are about future economic prospects
11 of 12
Consumer expenditure
spending by households on consumer products
12 of 12

Other cards in this set

Card 2

Front

the proportion of disposable income spent. It is consumer expenditure divided by disposable income

Back

APC

Card 3

Front

the proportion of disposable income saved.It is saving divided by disposable income

Back

Preview of the back of card 3

Card 4

Front

the total amount that producers in an economy are willing and able to supply at a given price level and a given time period

Back

Preview of the back of card 4

Card 5

Front

forms of govt spending and taxation that change automatically to offset fluctuations in economic activity

Back

Preview of the back of card 5
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