Topic 1 - Macroeconomic Variables Flashcards
1
Q
Year-on-year inflation
A
Inflation accumulated over the past 12 months (1 year)
2
Q
Core inflation
A
Inflation rate eliminating the price of imported raw materials, fuel, and unprocessed food
3
Q
What consists of the CA Balance?
A
Trades and Income
4
Q
What consists of the FA balance?
A
Direct Investment, Portfolio investment, other investment, and reserve assets (held by the central bank)