Jargon

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Last updated 12:29 AM on 7/22/26
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4 Terms

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  1. Economic growth

  2. Exchange rate

  3. Inflation rate

Jargon

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Economic growth

Increase in the amount of goods and services produced by an economy for a certain period of time

3
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Exchange rate

Price of a nation's currency in comparison to foreign currency and used as basis for changing one currency into another

4
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Inflation rate

How fast the general level of prices of goods and services increases and central banks tries it's best to control it so the economy will run smoothly