ECONOMICS TERMS
Across
- 3. the funds collected from taxes on income and profits
- 5. a person who receives and lives on a pension
- 6. money entering the circular flow
- 8. money leaving the circular flow
- 12. the number of people unemployed expressed as a percentage of the labour force
- 15. the currency of Australia
- 16. when people are in-between jobs
- 17. the total amount of a given product or service a supplier offers to consumers at a given period and a given price and level.
- 18. quantity of consumers who are willing and able to buy products at various prices during a given period of time.
- 20. the monetary values of goods and services that producers and consumers purchase
- 21. an estimate of income in a set period of time
- 22. the demand for a good or service is greater than the availability of the good or service.
- 23. a percentage of income is levied by the government
- 25. abbreviation for gross domestic product
- 27. a sustained period of weak or negative growth in real GDP (output) that is accompanied by significant rise in the Unemployment rate
- 28. a spendable income after receiving gov welfare and paying personal income tax.
Down
- 1. a graphical representation of the distribution of income or wealth.
- 2. a strategy in attempting to settle an issue
- 4. discouraged job seekers who are no longer actively seeking for work
- 7. total amount of income generated by the sales of goods and services.
- 9. an unemployment caused by automation and technology
- 10. FOREIGN made goods and services purchased by Australian households, businesses, governments or other organisations
- 11. a sector where people spend money on products not produced in Australia, so money flows out (import) or money flows in (export)
- 13. C+I+G1+G2+X-M = GDP
- 14. consists of those aged over 15 years who are actively employed & those who are unemployed but are actively seeking paid employment.
- 19. consumer confidence increasing, disposable income increasing, interest rates decreasing are all factors of..
- 24. instead of spending income, consumers put it into their own savings and store it
- 26. money received for work or through investments
- 29. AUSTRALIAN made goods and services purchased by foreign households, businesses, governments, and other organisations