EXPANSIONExpansionexpansionisthepartofthebusinesscyclewhenGDPincreases, expansioncontinuesuntiltheeconomyreaches a peak.
擴張 擴張是指商業週期中GDP增加的部分,擴張一直持續到經濟達到頂峰。
The 19 fiftieswas a periodofgreatexpansionfortheUSeconomy.
1950年代是美國經濟大擴張的時期。
RECESSIONrecession A recessionisthepartofthebusinesscycle.
RECESSION 衰退 衰退是商業週期的一部分。
WhenGDPfalls.
當GDP下降時。
Bymostdefinitions, a recessionhappenswhenGDPdecreasesfortwoconsecutivequarters, governmentspendingmaybeincreasedtohelp a countryrecoverfrom a periodofrecession.
BALANCEOFTRADE A country's tradebalanceisthedifferencebetweenhowmuchitimportsandhowmuchitexports.
貿易平衡 一個國家的貿易平衡是指它的進口量和出口量之間的差額。
Severaleconomistshavesuggestedrestrictingoilimportsas a wayofimprovingthebalanceoftradetradedeficit.
一些經濟學家建議限制石油進口,以此來改善貿易平衡和貿易逆差。
TRADEDEFICIT A countryhas a tradedeficitwhenitimportsmorethanitexports.
貿易逆差 當一個國家的進口量大於出口量時,就會出現貿易逆差。
TRADESURPLUSTRADESURPLUS A countryhas a tradesurpluswhenitexportsmorethanitimports, with a boomintheexportofnaturalresources, Australiaisenjoying a tradesurplus.