Recession, Boom, Levels Of Employment , Disposable Income, Currency Rates
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what is recession?
This is where the money goes down in a business cycle. If the country is in recession people are less likely to find a job.
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what is boom?
This is where the money goes up in a business cycle. This is good because this means that the economy goes up. if they have more money they are more likely to travel.
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what is levels of employment?
This is how many people are in a job. if unemployment goes down then they are more likely to go away on holiday more?
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what is disposable income?
This is whats left at the end of the month after you pay your bills. this money you can then spend on your selves which could be saved up for them to go on holiday.
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what is currency rates?
This is whats left at the end of the month after you pay your bills. this money you can then spend on your selves which could be saved up for them to go on holiday.
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what is tourism tax?
This is the tax you have to pay when traveling or going o n holiday.
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what is a visa?
This is basically a little identity card that will show any background history like a criminal record. you have to have a visa to get into some counties.
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Other cards in this set
Card 2
Front
what is recession?
Back
This is where the money goes down in a business cycle. If the country is in recession people are less likely to find a job.
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