Economics
Across
- 3. Money leaving the economy
- 4. When there's a single seller in a market (no competition)
- 5. Tax imposed on particular goods and services
- 7. rate The value of the australian dollar is determined by the _______
- 8. Line used to represent perfect income equality (at 45 degrees of lorenz curve)
- 9. A direct tax imposed against the income and capital gains of a company
- 13. Income after tax
- 15. Type of business that has around 2-20 owners that all share the profits
- 16. Refers to factor of production that uses machinery to produce goods and services
- 17. Individuals 15 years and older who are either employed or unemployed but actively looking for work
- 20. When an individual has been unemployed for more than one year
- 22. When unlimited needs and wants meet limited resources
- 24. possibility curve PPC
- 26. = C + I + G1 + G2 + X - M
Down
- 1. Type of income received by people who contributed in the production process that takes form in wages or salary
- 2. A number between 0 and 1 that indicates the level of inequality in the distribution of income and wealth
- 6. People who are highly skilled and employed but either do not work enough hours or working a low skilled job
- 10. Type of unemployment when an individual is in between job
- 11. Term to describe the intake of good and services by consumers
- 12. When there is high GDP growth, low unemployment and high inflation
- 14. Visual representation of distribution of income
- 18. A measure of a country's GDP that takes market GDP and adjusts it for inflation
- 19. When there is 2 consecutive negative GDP growth quarters
- 21. Involves business capitalist expenditure of manufactures and equipment
- 23. Type of unemployment that is affected by demand side factors
- 25. Represents the cost of borrowing