Market Leader PreIntermediate - Economic terms vocabulary

Total value of goods and services produced in a country:

• GDP

• Gross domestic product

• Foreign investment

• Interest rate

Percentage increase in prices

• Inflation rate

• Interest rate

• Unemployment rate

• Exchange rate

Cost of borrowing money

• Interest rate

• Foreign investment

• Labour force

• Exchange rate

Price at which one currency can buy another:

• Exchange rate

• Balance of trade

• Tax incentives

• Gross Domestic Product

Percentage of people without jobs

• Unemployment rate

• Labour force

• Exchange rate

• Balance of trade

The number of people working

• Labour force

• Unemployment rate

• Tax incentives

• Government bureaucracy

Low taxes to encourage business activity

• Tax incentives

• Foreign investment

• Balance of trade

• Interest rate

Money from overseas

• Foreign investment

• Labour force

• Interest rate

• Balance of trade

Official rules / regulations / paperwork

• Government bureaucracy

• Inflation rate

• Unemployment rate

• GDP

Difference in value between a country's imports and exports

• Balance of trade

• Exchange rate

• Foreign investment

• Tax incentives