3.2 Households

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Across
  1. 2. High income earners spend most of their income on....goods
  2. 3. Middle income earners borrow money to buy ....goods
  3. 4. Capital expenditure is money spent by on
  4. 8. money spent on goods that last over 1 year
  5. 10. cost of borrowing money
  6. 12. money spent on goods consumed within a year
  7. 14. How might households acquire income
  8. 16. Characteristice of recession
  9. 18. How might households acquire income
  10. 21. person or a group of people living in the same residence
  11. 22. occurs when there is an increase in the level of economic activity in a country
  12. 23. also known as the trade cycle
  13. 24. measured by assests - liabilities
  14. 25. How might households acquire income
  15. 26. are things we must pay out (negative)
Down
  1. 1. Used to secure a loan
  2. 5. Money available to spend after paying taxes
  3. 6. During a recession there is high...in the economy
  4. 7. people purchase goods that they feel increase their status
  5. 9. During a recession there is a decline in the demand for
  6. 11. are things we own (positive)
  7. 13. in the business cycle when there is a fall in GDP for two consecutive quarters
  8. 15. How might households acquire income
  9. 17. During a recession there are lower levels of..
  10. 19. occurs when the value of real estate property falls below the outstanding balance
  11. 20. in low incomes groups saving tends to be...