Economics Flashcards
GDP
Producto Interno Bruto (PIB)
Unemployment rate
Tasa de desempleo
GNP - everything produced by US citizens at home and abroad
Producto Nacional Bruto (PNB)
Exchange rate
Tipo de cambio
Shortage
Escasez
Monopoly
Monopolio
GNP: GDP - depreciation
Producto Interno Neto (PIN)
Inflation rate
Tasa de inflación
Monetary base
Oferta monetaria
GDP
Producto Bruto Interno (PBI)
Supply elasticity (to a price change)
Elasticidad de la oferta
National Income
Ingreso nacional
National spending
Gasto nacional
Excess supply
Exceso de oferta
External debt
Deuda externa
VAT
Impuesto al valor agregado (IVA)
Public Debt owed to own citizens
Deuda interna
Public debt owed to both foreign creditors and its own citizens?
Deuda pública
Market economy
Economía de mercado
Trade balance
Balanza comercial
Balance of payments:
$$ a country receives from all sources, including exports, imports, and financial transactions?
Balanza de pagos
Fiscal policy
Política fiscal
Monetary policy
Política monetaria
Planned economy
Economía planificada
Free market economy
Economía de libre mercado