Economic Terms Flashcards- Edexcel Unit 2

Economic Terms Flashcards- Edexcel Unit 2

Assessment

Flashcard

Social Studies

11th Grade

Medium

Created by

Beryl Kwan

Used 3+ times

FREE Resource

Student preview

quiz-placeholder

90 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Economic Growth

Back

An increase in the real GDP of an economy over time.

2.

FLASHCARD QUESTION

Front

Green GDP

Back

GDP adjusted for environmental costs of production and resource depletion.

3.

FLASHCARD QUESTION

Front

GDP (Gross Domestic Product)

Back

The total value of all goods and services produced within a country in a given period.

4.

FLASHCARD QUESTION

Front

GNI (Gross National Income)

Back

GDP plus net income from abroad.

5.

FLASHCARD QUESTION

Front

Hidden/Black/Informal Economy

Back

Economic activities that are not recorded in official statistics to avoid taxes or regulations.

6.

FLASHCARD QUESTION

Front

Net National Income

Back

GNI minus depreciation of a nation’s capital goods.

7.

FLASHCARD QUESTION

Front

Public Expenditure

Back

Government spending on goods, services, and welfare.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?