Inflation Inflation is a process in which the price level is rising and money is losing value. The percentage change in the price level from one year to the next. An inflationary gap is the amount by which real GDP exceeds potential GDP . Intellectual property rights Property rights for discoveries owned by the creators of knowledge. Interest Interest is the earnings derived through the sale of the resource known as capital .
Interest is included in the total costs of the firm and is a source of income for the household.
The amount received by a lender and paid by a borrower expressed as a percentage of the amount of the loan. Intermediate goods and services Goods and services that firms buy from each other and use as inputs in the goods and services that they eventually sell to final users. Internalizing an externality Altering incentives so that people take account of the external effects of their actions. An international organization with 146 members, including the United States. The main functions of the IMF are to lend funds to member nations to finance temporary balance of payments problems, to facilitate the expansion and balanced growth of international trade, and to promote international monetary cooperation among nations.