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Economics 2.1.4 - Coggle Diagram
Economics 2.1.4
current account
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primary income
earnings from abroad e.g. interest, rent, dividends and profits
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record all financial dealings over a period of time between economic agents of one country and all other countries
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macroeconomic objectives
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unemployment changes
if imports outcompete domestically produced goods, this will lead to unemployment
inflation
if our currency depreciates in value, foreign imports become more expensive
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