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Overseas sector
other contries which buy NZ exports and supply NZ imports
Exchange rate
NZ $ in terms of other contries
inflationary expetations
expecting a rise in the genral price level
business confidence
measures of how willing a business are to invest + there views on future sales + profits
Economic growth
a long term expansion of a countrys prouduction potential
How is eco growth measured
GDP
Production capctiy
Net soacil welfare
What is GDP
the real value of all finished G+s in one year
what doesn't GDP show
what is acutally being proudced
how equally the income is distruited
the impact on the enviorment
what is underclarged or illegal
what dosent Productive Capacity show
what is actually being produced
standard of living
what does net socail welfare look at
Real flows
flows of g+s . you can see and touch them
money flows
only involves money
e.g incomes, saving
injection
money going into the circular flow of income govt spending exports
invesments
increase in the econmic activity from the fincal sector into circular flow
transferes
they come from Govt to help stimulate eco growth
what decrease eco growth
savings
taxation
imports
what increase eco growth
investment
govt spending
exports
AS will increase when there is
decrease in raw materials
rise in prouduvity
decrase in nominal wages
decrase in price of oil
rise in exchange rate
AD will increase when
increase in investments
increase in consumption
increase in Govt. spending
decrease in exchange rate
decrease in NZ$
what are the benefits of eco growth
increase production
increased investment
higher incomes
increased savings
higher tax revenue for govt
negitive effects of eco growth
rersouse depletion
increase polutiion
higher cost of compliance
higher stress level
traffic congetstion
over crowed in tourist areas
uneven impact
inflation
postive impact on eco growth on households
more jobs
higher incomes
better range of g+s
new technolgy
negtive impact on eco growth on householdes
increased pollution
traffic congestion
higher stress
income inequality
eco growth negitvly on bussiness
higher cost of implying with regulations
higher cost of resources
shortage of resourse
eco growth postive business
increased demand for g+s
increase sales + profits
more invesment
more spending on R&D
eco growth on goverment postive
higher tax revenue
more spending on public goods
lower public debt
eco growth on government negitive
increased spending on regulations and monitoring resource use
eco growth on enviroment postive
greater awerness of envromental issues
substainable resourse use
greater reycling
eco growth on environment negitve
resouse depletion
destruction of natural habits
increased pollution
more exploration for re souses
Author
jessical
ID
243720
Card Set
Econmics
Description
revison for test
Updated
2013-10-29T21:15:51Z
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