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Chapter 18 Economic factors
Game Code: 534748
English
10
Public
Match definitions to key term
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Nicola Selby
58
Share Chapter 18 Economic factors
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The total value of all of the economy’s output (measured quarterly or yearly)
Gross Domestic Product (GDP)
15
Income that ‘leaks away’ from the economy and so does not get passed back to UK firms from households’ this comprises taxes, savings and imports
Leakages
15
Purchase of goods from abroad
Imports
15
The sale of goods to other countries by UK businesses.
Exports
15
The study and analysis of the behaviour of the whole economy
Macroeconomics
15
The purchase of capital equipment and/or buildings by businesses.
Investment
15
Income coming into the UK economy that does not come fro UK households; this comprises investment, government spending and exports.
Injections
15
The collective behaviour of a number of different groups such as businesses, people as employees and consumers, and the government.
The economy
15
The (continuous) flow of income from businesses to households as payment for work and from households to businesses as payment for products
Circular flow of income
15
The level of output in all sectors of the economy - primary, secondary and tertiary
Economic activity
15
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