Economic Review

3. balance sheet indicating all the international transactions with the rest of the world
5. shortfall in a government's income compared with its spending
7. If a company exports a product at a price lower than the price it normally charges on its own home market
11. barriers to trade
12. records of all visible exports and imports only (acronym)
14. taxes imposed on imported goods and services
16. closed economy
18. the fall in the value of a country’s currency
19. a limitation on the number of goods and services that can be imported
20. income that is set aside

1. continuous growth in the productivity of an economy which increases its national income
2. instruments like taxes and subsidies
4. the total ban on the import of a product
6. a persistent increase in prices
8. any exchange of goods and services between countries
9. the bottom of the trade cycle
10. a value measured using current prices
13. financial assistance to reduce the cost of production
15. includes water, oil and gas bauxite, gold (natural resources)
17. the value of a country's total exports minus the value of its total imports