Economic Activity Vocab Game

1234567891011121314151617181920
Across
  1. 1. the phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again
  2. 4. an increase in the general level of prices
  3. 5. the total value of all final goods and services produced in a country during one year
  4. 11. (two words) the portion of people in the labor force who are not working
  5. 12. represents owenership in a corporation
  6. 13. (two words) refers to salaries and wages as well as investment income and government payments to individuals
  7. 15. a period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP growth slows for two or more quarters of the calendar year
  8. 16. (two words) a number that compares prices in one year with prices in some earlier base year
  9. 19. (two words) the sales of durable and nondurable goods bought by consumers
  10. 20. (three words) output per person
Down
  1. 2. (two words) involves spending by businesses for items such as land, buildings, equipment, and new products
  2. 3. (two words) this takes place if a government spends less than it takes in
  3. 6. a phase marked by a prolonged period of high unemployment, weak consumer sales, and business failures
  4. 7. (two words) the total amount owed by the federal government
  5. 8. (two words) this takes place when a government spends more than it takes in
  6. 9. a period in which most who want to work are working, business produce goods and services in record numbers, wages are good, and the rate of GDP growth increases
  7. 10. the production ouput in relation to a unit of input, such as a worker
  8. 14. represents debt for an orginization
  9. 17. (two words) movement of the economy from one condition to another and back again
  10. 18. a decrease in the general level of prices