Economic/Financial Vocabulary

2. The value of one currency for the purpose of conversion to another.
4. Government actions to change a currency's value.
5. The total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.
7. The percentage of the labor force that is jobless and actively looking for work.
10. The rate at which the general level of prices for goods and services is rising, and, subsequently, eroding purchasing power.
14. A currency depreciates when its value falls relative to other currencies.
15. A good or service produced in one country that is sold to another.
16. The total amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare.

1. Lowers the currency's value, making exports cheaper and imports more expensive, a strategy sometimes used to correct trade imbalances.
3. The typical amount a person earns in a country per year or month.
6. The value of money measured by the amount of goods or services it can buy.
8. A system of money in general use in a particular country.
9. The minimum resources necessary for survival—food, water, shelter, clothing.
11. A classification that refers to groups of companies related based on their primary business activities.
12. A currency appreciates when its value rises relative to another currency, meaning more of another currency is needed to buy it.
13. A good or service bought in one country that was produced in another.