Chapter 8 Measuring the Economy's Performance

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Across
  1. 6. the price of one currency in terms of another
  2. 7. salaries and other forms of labor income
  3. 8. personal income after personal income taxes have been paid
  4. 10. values of variables such as GDP and investment expressed in current dollars
  5. 11. all income earned by individuals for the use of their real property
  6. 13. reduction in the value of capital goods over a one-year period due to physical wear and tear and obsolescence also called capital consumption allowance
  7. 15. the total market value of all final goods and services produced during a year by factors of production located within a nation's borders
  8. 18. any use of today's resources to expand tomorrow's production
  9. 19. computing gdp by adding up the dollar value at current market prices of all final goods and services
Down
  1. 1. goods that have a life span of more than three years
  2. 2. Goods and services that are at their final stage of production and will not be transformed into yet other goods and services
  3. 3. goods used up entirely in the production of final goods
  4. 4. adjustment in exchange rate conversions that takes into account differences in the true cost of living across countries
  5. 5. A Measurement system used to estimate national income
  6. 9. consumer goods that are used up within three years
  7. 12. markets where businesses buy labor, land, capital, and entrepreneurial ability
  8. 14. markets where households buy goods and services
  9. 16. measuring gdp by adding up all components of national income including wages interest rent and profits
  10. 17. measurement of economic values after adjustments have been made for changes in the average of prices between years