definitions

• budget surplus


  where the amount of revenue received from taxation is greater than the amount of government spending over a period of time
• investment


  spending by firms on capital goods
• disinflation


  a fall in the rate of inflation
• labour productivity


  the output produced per person in a given period of time
• real interest rate


  the cost of borrowing and/or the reward for saving money as a percentage sum
• deficit on the balance of trade in goods and services


  the value of exports of goods and services is less than the value of imports of g + s
• growing budget deficit


  the governments borrowing requirement increases over time
• price stability


  when the general price level is consistently rising slowly
• unemployment rate


  the number of people out of work and actively seeking work expressed as a % of the labour force