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Globalisation
match the word to the definition
| Question | Answer |
|---|---|
| imports | a good or service bought in one country that was produced in another. |
| exports | goods and services that are produced in one country and sold to buyers in another. |
| inflation | the general rise in prices over time - measured by the consumer price index (CPI) |
| deflation | fall in prices as measured by CPI |
| exchange rates | the price of one currency expressed in terms of another |
| interest rates | the cost of borrowing money or the reward for saving. |
| Gross domestic product (GDP) | a measure of a country's total output of goods and services over a period of time |
| protectionism | limits open trade in order to protect domestic business |