Match the economic terms (1-10) to their definitions (a-j).
1 interest rate c) cost of borrowing money
2 exchange rate d) price at which one currency can buy another
3 inflation rate b) percentage increase in prices
4 labour force f) the number of people working
5 tax incentives g) low taxes to encourage business activity
6 government bureaucracy i) official rules/regulations/paperwork
7 GDP (gross domestic product) a) total value of goods and services produced in a country
8 unemployment rate e) percentage of people without jobs
9 foreign investment h) money from overseas
10 balance of trade j) difference in value between a country's imports and exports
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Match the economic terms (1-10) to their definitions (a-j).
1 interest rate c) cost of borrowing money
2 exchange rate d) price at which one currency can buy another
3 inflation rate b) percentage increase in prices
4 labour force f) the number of people working
5 tax incentives g) low taxes to encourage business activity
6 government bureaucracy i) official rules/regulations/paperwork
7 GDP (gross domestic product) a) total value of goods and services produced in a country
8 unemployment rate e) percentage of people without jobs
9 foreign investment h) money from overseas
10 balance of trade j) difference in value between a country's imports and exports