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Economic Terms

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    what is it?
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  • total value of goods and services produced in a country
    GDP (gross domestic product)
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  • percentage increase in prices
    inflation rate
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  • cost of borrowing money
    interest rate
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  • price at which one currency can buy another
    exchange rate
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  • percentage of people without jobs
    unemployment rate
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  • the number of people working
    labour force
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  • low taxes to encourage business activity
    tax incentives
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  • money from overseas
    foreign investment
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