Economics GDP Crossword

123456789101112131415161718
Across
  1. 1. Means 'total' in economics
  2. 3. Inflation can occur when there is a _________ of products
  3. 6. Rate of inflation measures how much the price of a ______ of goods and services changes over time
  4. 8. Product made overseas, bought by Australians
  5. 9. Unemployed + Employed
  6. 10. GDP is the total value of all _________ goods & services
  7. 11. Inflation reduces ___________ power
  8. 13. An increase in GDP results in economic ______
  9. 15. Inflation can result from strong _______ for goods & services
  10. 17. Someone working at least one hour paid work per week
  11. 18. A general rise in price level over time
Down
  1. 2. Where an economy experiences negative economic growth for 2 quarters (as shown in the business cycle diagram)
  2. 4. Product made in Australia, sold overseas
  3. 5. Type of living standards relating to access to goods & services
  4. 7. Firms may raise prices if these costs increase
  5. 9. To be considered unemployed, a person must be _________ for work
  6. 12. Australian Bureau of statistics collects these for 100,000 goods and services
  7. 14. Business _______ diagram shows changes in economic growth over time
  8. 16. Gross ________ Product