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  • you're watching Video vocab by business English part dot com Macroeconomics relates to economic trends on a national and international scale.

  • In this lesson, we'll look at some key macroeconomic terms related to consumers and prices.

  • This includes ideas such as the income gap, the cost of living and the Consumer Price index.

  • We will also explore concepts such as inflation and purchasing power, as well as disposable income, household debt and consumer spending.

  • Income gap income gap The income gap is the difference between the income and assets of people and groups in society.

  • The income gap is sometimes called the gap between the rich and the poor.

  • Countries with a large income gap typically have higher rates of health and social problems.

  • Inflation, Inflation Inflation is the rate of increase in the price of goods and services.

  • As costs rise, the value of money decreases.

  • Inflation is rising quickly, which worries both economists and consumers.

  • Cost of living cost of living.

  • The cost of living is the average cost of people's basic needs, such as food, housing and clothes.

  • While Vancouver is seen as a desirable place to live, high housing prices have driven up the cost of living Consumer Price index.

  • C p i.

  • The consumer price index shows the change in average prices of basic consumer goods and services.

  • The CPI I helps to show changes in the cost of living.

  • Although food prices in Korea increased by 7.4% in February, the overall consumer price index only rose 1.4%.

  • Purchasing power purchasing power purchasing power is how much goods or services weaken by with a unit of money.

  • As prices go up, the purchasing power of our money goes down.

  • The purchasing power of $1 in 1913 was about the same as $20 in 2006.

  • Disposable income, disposable income, the amount of money we have to spend or save after paying taxes is called disposable income.

  • When consumers are concerned about the economy, they often put more of their disposable income into savings.

  • Consumer spending, consumer spending, consumer spending or consumption is how much money is spent by consumers in an economy.

  • Consumer spending includes durables such as furniture and nondurables, such as food.

  • Bloomberg reports that consumer spending rose last month despite an increase in payroll tax, household debt, household debt, household debt is the amount of money owed by consumers.

  • This includes consumer debt such as credit cards and mortgage loans.

  • In the early two thousands, the average American household debt surpassed the average American household income.

  • Now it's your turn to practice some of the words we have studied in this lesson.

  • In a moment you'll hear a series of sentences with the word replaced with a beep.

  • Repeat each sentence, including the missing word.

  • For example, if you hear central banks often adjust interest rates to help the economy avoid huge swings in the business.

  • Uh, you can say central banks often adjust interest rates to help the economy avoid huge swings in the business cycle.

  • We'll play the correct answer after each question ready, Let's give it a go.

  • Many countries are concerned about the widening income no between rich and poor, and said many countries are concerned about the widening income gap between rich and poor.

  • I liked London, but I feel the cost of is just too high for me.

  • Answer.

  • I like London, but I feel the cost of living is just too high for me.

  • Rising oil prices are pushing the overall rate higher.

  • Answer rising oil prices are pushing the overall inflation rate higher.

  • That's all for this episode of video vocab.

  • Be sure to check out our website at www dot video vocab dot tv.

  • Thanks for watching and see you again soon.

you're watching Video vocab by business English part dot com Macroeconomics relates to economic trends on a national and international scale.

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B1 中級

經濟學英語詞彙VV34 - 宏觀經濟學(第2課)|金融英語詞彙表 (English Vocabulary for Economics VV 34 - Macroeconomics (Lesson 2) | Financial English Vocabulary)

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    林宜悉 發佈於 2021 年 01 月 14 日
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