ECON 125-CH-10

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Across
  1. 5. a period of decline in total output, income and employment.
  2. 7. the dollar value of all goods and services produced within the border of a given country
  3. 9. a reduction in the rate of inflation
  4. 11. the fraction of any change in disposable income that household save.
  5. 12. a method for determining the number of years it will take for some measures to double.
  6. 13. personal income less personal taxes
Down
  1. 1. the value of the product sold by a firm less the value of the products purchased and used by the firm to produce the product.
  2. 2. the ration of a change in GDP to the change in investment
  3. 3. the total market value of all final goods and services produced annually within the boundaries of canada
  4. 4. reduction in the average total cost of producing a product as the firm expands the size of plant in the long run.
  5. 6. an implicit price index calculated by dividing nominal GDP by real GDP and multiplying by 100
  6. 8. an increase in the overall price level
  7. 10. an increase in the real GDP.