Macro Flashcards
Wealth
Stock concept
Total value of assets e.g savings, houses , cars
Stock concept
Total value of assets e.g savings, houses , cars
Wealth
Income
Flow of money
Wage
Flow of money
Wage
Income
GDP
Total value of national output in a year
Total value of national output in a year
Gdp
Intermediate goods
Goods used to produce another good
Not accounted for in GDP
Goods used to produce another good
Not accounted for in GDP
Intermediate goods
Depreciation
Fall in value of currency due to market forces
Fall in value of currency due to market forces
Depreciation
Devaluation
Fall of value of currency due to government intervention
Fall of value of currency due to government intervention
Devaluation
Hedging
Firms already have agreements on price for set amount of time
Reduces the benefits of devaluation in the short run
Caimant count and ILO
Measures of unemployment
Bubbling
Where demand pushes up prices and then crashes
