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Business Math Ch. 14

Vocabulary

QuestionAnswer
The basic unit of weight in the metric system. Gram
The basic metric measure of capacity. Liter
The basic unit of area in the metric system. Square Meter
The amount of surface an item has. Area
The basic unit of length in the metric system. Meter (m)
The amount paid for another country's currency. Foreign Exchange Rate
When foreign imports exceed exports. Trade Deficit
When Foreign exports exceed imports. Trade Surplus
The buying of products produced outside your country. Importing
Selling of goods and services produced within your country and sold to other countries. Exporting
All business activities necessary to manufacture, purchase, and sell goods and services across national borders; foreign trade. International Business
The manufacturing, purchasing, and selling of goods and services within a country. Domestic Business
Shows the amount of goods and services produced per person by country. Per Capita GDP
A system of a country that measures the total market value of the goods and services produced within its borders. Gross Domestic Product (GDP)
The division of the globe based on a 360 degree circle. Time Zone
Created by: acopper
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