Modules 22 - 23

The price, calculated as a percentage of the amount borrowed, charged by lenders to borrowers for the use of their savings for one year.

• budge balance

• budget surplus

• interest rate

• inflation rate

An accounting fact that states that savings and investment spending are always equal for the economy as a whole.

• budget balance

• savings-investment spending identity

• interest rate

• inflation rate

The difference between tax revenue and government spending.

• budget defecit

• budget balance

• budget surplus

• national surplus

The difference between tax revenue and government spending when tax revenue exceeds government spending.

• budget rate

• budget deficit

• budget surplus

• Inflation rate

The difference between tax revenue and government spending when government spending exceeds tax revenue.

• national budget

• budget surplus

• budget deficit

• real GDP

The sum of private savings and the budget balance; the total amount of savings generated within the economy.

• capital inflow

• national savings

• international savings

• budget savings

The total inflow of foreign funds minus the total outflow of domestic funds to other countries.

• wealth affect

• capital inflow

• real capital

• national account

The value of a household's accumulated savings.

• financial asset

• capital inflow

• wealth

• physical asset

A paper claim that entitles the buyer to future income from the seller.

• national savings

• financial asset

• physical asset

• capital inflow

A claim on a tangible object that gives the owner the right to dispose of the object as he or she wishes.

• wealth

• financial asset

• physical asset

• capital inflow