Macroeconomics Definitions

Created by: Marcus
Created on: 28-04-13 13:00


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	3				2

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	1

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9

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1. Costs in terms of extra time and effort involved in searching for the bank offering the highest interest rate to save, or searching for the cheapest deal on a product (4, 7, 5)
6. A tax on imports expressed as a %. An example of a protectionist policy (6)
7. A period in the business cycle characterised by high economic growth and demand-pull inflation (4)
8. A physical limit on the quantity of goods imported to lower imports and improve a current account deficit (5)
9. Spending by firms on capital goods e.g. machinery to expand capacity (10)
10. Real disposable income minus spending (6)

Down

2. Spending on exports minus spending on imports in an economy over a given time period (3, 7)
3. Domestic goods and services bought by consumers abroad. An injection into the circular flow of income (7)
4. Income after taxes on income have been deducted and state benefits have been added (10, 6)
5. The costs in terms of time and labour of changing prices due to inflation e.g. restaurants reprinting menus (4, 5)

Comments

davidsalter

Report Sat 28th December, 2013 @ 10:06

This is a set of 88 flash cards defining many of the key terms required up to A2 standard. Useful for testing yourself and colleagues. Should demonstrate further learning needs.

Nimrahkhan

Report Wed 16th March, 2016 @ 20:50

Good resource, some cards aren't needed in 2015 spec, and some (taxation and subsidies) are needed for unit 1 not unit 2 but still very helpful for last minute revision

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Macroeconomics Definitions

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