Front

Importing more than exporting is

Back

trade deficit

Front

Prices at which currencies are traded is called...

Back

Exchange Rate

Front

The value of all the final goods and services produced within a nation in a given year.

Back

Gross Domestic Product

Front

A product that one country SELLS to another.

Back

export

Front

What is GDP per capita?

Back

GDP divided by the population

Front

Which of the following is NOT a consequence of economic growth: Less employment, Pollution, Increased incomes, Improved living standards

Back

Less employment

Front

Unemployment occurs when: Someone is able and willing to work but can't find a job

Back

Someone is able and willing to work but can't find a job

Front

During the recession more businesses shut down, causing unemployment. This type of unemployment is:

Back

Cyclical

Front

the impact of an externality is

Back

either positive or negative

Front

There is only one way of calculating GDP.

Back

False