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9 Cards in this Set
- Front
- Back
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Budget Surplus
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the difference between tax revenue and governemnt spending when tax revenue exceeds governemnt spending
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Budget Deficit
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the difference between tax revenue and government spending when governemnt spending exceeds tax revenue
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Budget Balance
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the difference between tax revenue and government spending
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National Savings
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the sum of private savings and the budget balance is the toal amount of savings generated within the economy
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Capital Inflow
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net inflow of funds into a country
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Loanable Funds Market
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a hypothetical market that examines the market outcome of the demand for funds generated by borrowers and the supply of funds provided by lenders
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Interest Rate
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the price, calculated as a percentage of the amount borrowed, charged by the lender to a borrower for the use of their savings for one year
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Rate of Return
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the profit earned on the project expressed as a percentage of its cost
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Crowding Out
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the negative effect of budget deficits on private investments
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