Global Issues Partial 1, Denisse Borunda

Economy

• Field of study, social science that studies money management.

• System, area of production, distribution and trade

• A way to organize money

• Institution managing personal finances

Medium that we use to represent money

• Trust

• Money

• Pesos

• Currency

Total value of all products and services in a nation-state

• GDP

• GNI

• GOP

• GNP

Sector of economy that works in the extraction of raw materials:

Sector or economy that offers services:

Select actions that are representative of an expasionary economic policy

• Creation of jobs

• Higher interest rates

• Lower interest rates

• Higher Taxes

• Lower Taxes

Select actions that are representative of a contractionary economic policy

• Creation of jobs

• Higher interest rates

• Lower interest rates

• Higher Taxes

• Less loans

GDP+ income from people overseas

• HDI

• GNP

• GNI

• No

What does CPI stand for?

What is the value of money?

• Currency

• Trust

• Interest

• Inflation