Economic Measurement Vocab Practice

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Across
  1. 4. the number of babies who do not survive to their first birthday
  2. 6. the percentage of people in a country who can read and write
  3. 7. Shows average income of each person in a society (The GDP of a country divided by its population), indicates what the average
  4. 9. extremely poor
  5. 10. a contraction which lasts 6 months or longer
  6. 13. A country with a high quality of life, its people have everything they need to thrive, society is stable and cared for
  7. 15. the lowest point on a GDP curve
  8. 19. doing economically well, thriving
Down
  1. 1. a never ending cycle of higher wages leading to price increases
  2. 2. 1929, a severe, extended recession (drop) in the market which occurred when the stock market crashed
  3. 3. Lowest amount of pay which an employer can legally pay its workers
  4. 5. the act of measuring an economy in order to better understand how healthy a market is
  5. 8. the increase in prices of goods due to the decrease in money value over time, as the amount of money in circulation increases
  6. 9. A country which cannot provide everything its people need, society is uncertain and many households struggle
  7. 11. the number of babies born in a country in a year
  8. 12. the highest point on a GDP curve
  9. 14. a trend of growth along a GDP curve
  10. 16. not being sure of what the future holds
  11. 17. a decrease along the GDP curve
  12. 18. the total value of all goods produced in a certain country in a given year