Economics Terms

Question 1

Bankrate

Answer 1

the rate of interest that is set by a central bank, and which is the lowest rate at which it lends money to other banks

Question 2

Consumer Expenditure

Answer 2

Consumer spending is the total money spent on final goods and services by individuals and households for personal use and enjoyment in an economy.

Question 3

Subsidies

Answer 3

A benefit given to an individual, business, or institution, usually by the government. It can be direct (such as cash payments) or indirect (such as tax breaks).

Question 4

Economic Growth Rate

Answer 4

The percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. The economic growth rate is used to measure the comparative health of an economy over time.

Question 5

Subsimed

Answer 5

Include or absorb (something) in something else.