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10
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What is GDP
Gross Domestic Product
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15
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What is balance of payments stability?
The record of a countries economic transactions with other countries
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lifesaver
Give 10 points!
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seesaw
Swap points!
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gift
Win 25 points!
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banana
Go to last place!
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25
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How will a rise in interest rates affect you? Who will benefit more out of a rise in these interest rate? Lenders or borrowers?
It'll be more difficult to borrow money and easier to loan money which is why the lenders will profit more than the borrowersย
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20
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What will happen if inflation levels rise
The price of goods and services will increase
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baam
Lose 5 points!
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magnet
Take 25 points!
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fairy
Take points!
5
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25
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thief
Give points!
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15
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Why is Price Stability important for an economy?
As it ensures greater economic certainty and prevents countries products from loosing international competitiveness
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15
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What is economic growth and why is it important
An increase in the output of an economy in the long run in order to increase productive potential and raise living standards
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