Economic Environment

5. Goods and services produced in the domestic country and sent to be sold in another country.
9. A tax on products made overseas.
17. A measure of the value of a countries output.
18. A measure of how consumers feel (optimistic or pessimistic) about the state of the economy.
19. A physical limit on the number of products that can be brought into a country.
21. The use of interest rates to control inflation.
23. Where economic growth begins to increase following a slump.
24. A common method used to measure inflation.
25. Fiscal policy aimed at slowing down the economy, characterised by increases in taxation and reductions in government spending.
27. Fiscal policy aimed at growing the economy, characterised by reductions in taxation and increases in government spending.
28. A collection of items used to measure changes in inflation by tracking the prices of commonly consumed goods and services over time.

1. Fiscal policy levied on companies' profits.
2. A type of fiscal policy that is applied to goods and services.
3. The value of one currency in terms of another.
4. A general decline in prices over time.
6. The acronym used to describe the impact of the exchange rate on importers and exporters.
7. Two consecutive quarters of negative economic growth.
8. The bottom of the economic cycle characterised by high unemployment, demand and confidence.
10. The use of government taxation and spending to control the economy.
11. The cost of borrowing or reward for saving money.
12. The peak of the economic cycle characterised by low unemployment and high demand and confidence.
13. The natural fluctuation of the economy between periods of expansion and contraction.
14. Goods or services produced abroad and sold in the domestic market.
15. A type of fiscal policy that takes money from income or profit.
16. The amount of a product or service that consumers are willing and able to buy.
20. The organisation in charge of monetary policy.
22. Where one currency gets stronger in relation to another.
26. A general increase in prices or a decrease in the value of money over time.