(Figure: Home Market II) Now suppose that the large country in the graph imposes a tariff. How large is the tariff? 
Definitions:
Economy Growth
An increase in the production of goods and services in an economy over a period of time, often measured by the growth of the Gross Domestic Product (GDP).
Inflation Rate
The progression rate at which the cost of consumer goods and services climbs, thereby eroding purchasing potential.
Price Level
The Price Level is a measure of the average prices of goods and services in an economy at a specific time.
Percentage Change
A mathematical calculation that represents the degree of change over time, expressed as a fraction of the original value.
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