Friday, 11 July 2025, 11:30 AM
Site: E-Learning KIMEP
Course: Intermediate Macroeconomics ECN3082 L, Mussurov Altay (ECN3082 L, Mussurov Altay )
Glossary: Course glossary
B
Balance of payments statementA summary of the payments received by the u.s. from foreign countries and the payments sent by the u.s. to foreign countries. |
Balance sheetA tabular way to show the assets and liabilities of a bank. |
Base yearThe year that serves as a reference point for constructing a price index and comparing real values over time. |
BondA certificate of indebtedness from the issuer to the bond holder. |
Budget deficitExists when government spending exceeds the revenue collected fromĀ taxes. |
Budget surplusExists when government spending is less than revenue collected from taxes. |
Business cycleThe periodic rise and fall (in four phases) of economic activity. |