Economic Influences Edexcel A2

The rate of interest around which a bank structures other interest rates

the linking of certain payments such as benefits to the rate of inflation

The peak of the economic cycle

Using changes in interest rates and money supply to manage the economy

Regular fluctuation in the level of output of the economy

A less severe form of depression

A general rise in prices

A fall in the general price level

A measure of national income, output or employment

How much will it cost a french business to buy goods from Britain which cost £400,000 if £1 = €1.25

The amount spent by government on public services

The charges made by a government on the activities, earnings and income of businesses and individuals

Select the correct term for each of the following. A rise in the value of a currency

How many US dollars will it cost a British business if buying £55,000 of goods from an American business if £1 = $1.50

Using changes in taxation and government expenditure

A fall in the value of a currency

A periodin the economic cycle where GDP grows but more slowly

The price of one currency in terms of another

A common measure of price changes