Economic measures and how to discuss them
Open a theme, then select a word or phrase for its meaning, example and pronunciation.
1. Economic output (20 entries)
- nominal output
- per capita output
- real output
- value added
- contraction
- government expenditure
- net exports
- budget deficit
- assess distributional effects
- transfer payment
- labour mobility
- demand management
- underemployment
- disposable income
- redistribute surplus
- discretionary spending
- undefined term
- material footprint
- productivity
- just-in-time production
2. Prices and purchasing power (20 entries)
- purchasing power
- deflation
- adjust for inflation
- erode purchasing power
- real wage
- price shock
- pass on costs
- disinflation
- cost pressure
- price stability
- basket of goods
- squeeze household budgets
- nominal wage
- consumer price index
- budget shortfall
- foot the bill
- dampen variation
- expand on heating
- real purchasing power
- balanced clause
3. Emphasis, precision and concise explanations (20 entries)
- tighten the wording
- emphatic contrast
- unpack an idea
- focus marker
- strengthen a commitment
- shift of stress
- intensifier
- foreground
- preserve the nuance
- compressed argument
- condense
- restrained tone
- abstract noun
- obscure
- vague pronoun
- streamline a paragraph
- active construction
- name the referent
- loaded adjective
- invoke
4. Distribution and living standards (20 entries)
- relative poverty
- narrow a gap
- social mobility
- household wealth
- wealth concentration
- material deprivation
- median income
- absolute poverty
- income distribution
- housing affordability
- regional disparity
- redistribute income
- measure hardship
- marginally
- owner-occupier
- breadwinner
- outsized
- patchy
- perishable
- squat
5. Policy effects and qualified claims (20 entries)
- fiscal policy
- curb inflation
- stimulate demand
- adverse
- multiplier effect
- policy evaluation
- stimulus
- subsidy
- austerity
- temper a claim
- absolute claim
- qualified claim
- resolve an ambiguity
- rhetorical weight
- unintended implication
- recast
- ambiguous reference
- parenthetical remark
- qualify a prediction
- redundant phrase
