Inflation - A sustained increase in the general level of prices of goods and services from one year to the next, Consumer Price Index (CPI) - The official rate of inflation, Deflation - When inflation is a negative figure, Cost-push inflation - When the cost of producing goods increases the cost increase is likely to be passed on to the consumer, Imported Inflation - If the cost of imported raw materials increases, the price of the finished goods using these raw materials will rise, Importing - Buying goods or services from other countries, Demand-pull inflation - If the demand for goods and services is greater than the supply the price will rise, Balance of trade - Measures the difference between the value of imported and exported goods, Exporting - Selling goods or services to other countries, Employed - Members of the labour force who are able to find work, Unemployed - Those who cannot find work, Full employment - Refers to a situation where almost all members of the labour force are employed, Interest rates - The cost of borrowing money expressed as a percentage of the amount borrowed or they are the reward for money saved, The national debt - The total amount of money that a country's government has borrowed, Debt servicing - The payment of interest on our national debt, The National Treasury Management Agency (NTMA) - The state body that manages the national debt, National Income - The total value of all new goods and services produced within a country in a year, Gross domestic product (GDP) and gross national product (GNP) - Measure the total value of the goods and services produced in a country in one year, Economic growth - Occurs when there is an increase in the quantity of goods and services produced in an economy from one year to the next., The economic cycle - The way in which the level of economic activity changes over time, Economic boom - A continuous period of rapid economic growth., Recession - A general slowdown in the level of economic activity, Economic depression - Occurs when a recession is severe and continues for a long period of time.,

Economic Indicators

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