AQA GCSE Economics Terms And Definitions - Macroeconomics - International

Strengthening of a currency's value.

A country's financial transactions record with the world.

Total of trade, income, and transfers with the world.

Monetary system utilized in a country or region.

Record of trade, income, and transfers with the world.

Situation where imports surpass exports and income.

Situation where exports and income exceed imports.

Weakening of a currency's value.

Nation with high GDP per capita, developed industry, and services.

Nation with lower GDP per capita, less industrialization, and weaker well-being indicators.

Enhancing people's living standards process.

Economic and political group enabling free trade among members.

Value of one currency in relation to another.

Goods and services sold to foreign countries.

Investment by foreign companies in a host nation.

Agreement allowing unrestricted movement of goods and services between countries.

Expansion of world trade and capital flows, fostering greater international interdependence.

Indicator measuring development based on quality of life factors.

Goods and services purchased from foreign countries.

Trading of goods and services between nations.

Policies aimed at limiting global free trade.

Tax imposed on imports.

Group of countries with reduced trade barriers among themselves.