Explanation

 In early 2022, Sri Lankans started experiencing power cuts and shortages of basics such as fuel.

The rate of inflation rose to 50% a year.

NA23-7-2023

Explanation

Deficit financing occurs when a government's expenditures surpass its revenues.

It leading to borrowing or using reserves to cover the shortfall.

This approach is often used to stimulate economic growth or fund large projects.

Explanation

The three main economic growth indicators are the Consumer Price Index (CPI), Gross Domestic Product (GDP), and Unemployment Figures.

These indicators measure inflation, overall economic output, and job market health, respectively.

Explanation

'Laissez-Faire' is an economic principle that advocates for minimal government intervention in the economy.

It allowing businesses to operate freely without state interference.

Explanation

A custom is a tax imposed on goods that are imported into or exported out of a country.

This tax is primarily used to regulate trade, protect domestic industries, and generate revenue for the government.

Explanation

A "multinational" refers to a company that operates in multiple countries.

It managing production or delivering services across national borders.

This allows the company to have a global presence.

Explanation

Deficit financing occurs when a government spends more than its revenue.

It often does so by borrowing or printing additional currency to cover the gap.

This is typically done to stimulate the economy.

Explanation

 IMF

A core responsibility of the IMF is to oversee the international monetary system and monitor the economic and financial policies of its 190 member countries, an activity known as surveillance.

The IMF has three main functions: overseeing economic development, lending, and capacity development.

Through economic surveillance, the IMF monitors developments that affect member economies as well as the global economy as a whole.

Explanation

The sacrifice involved when you choose a particular course of action is called "Opportunity Cost."

Explanation