b.e. (ex3,4,5)

eng definitio

to bottom out

to start rising from the lowest level

to level off

a figure goest up to a level and stays there

trough

lowest level

boom

positive economic situation

inflation

rising pricest withought rising growth

to advance

to increase in value

to surge

to rise rapidly

to ease

to go down slightly

to plummet

to fall a alot in value

to skyrocket

to rise by a large amount

protectionism

restricting imports by way of trade barriers

finance

the study of money management

purchasing power

value of a currency expressed in terms of the number of goods/services that one unit of money can buy

balance of payment

the difference between money coming in and going out of the country

finances

the way in which money is managed

GNP gross national product

the value of goods/services produced in a country

quota

the maximum quantity of goods of a specific kind that can be imported into a country

gross domestic product per capita

number of goods/services produced by a country in a year devided by average population

economic output

quantity(amount) of goods/services produced by a acountry/industry

trading

process of buying and selling

growth rate

speed at which the economy gets bigger

excise tax

taxes raised on a certain product(tabacco, alcohol)

restrictive/ tight

what a monetary policy is called in the times of a downturn

recession

a period when there is a long negative growth

economy

organise system for production, distribution, consumption of goods