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UNIT 1. Chapter 9. External Economic Influences on Business Behaviour Flashcards
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What do the macro-economics objectives consider? (6)
What do the macro-economics objectives consider? (6)
• Economic growth (GDP)
• Inflation
• Unemployment
• Balance of payments
• Exchange rate stability
• Transfer of wealth
Def. Balance of payment (current account)
Def. Balance of payment (current account)
This account records the value of trade in goods and services between one country and the rest of the world. A deficit means that the value of goods and services imported exceeds the value of goods and services exported.
Def. Exports
Def. Exports
Goods and services sold to consumers and business in other countries.
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