Economics

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Across
  1. 3. makes up 75% of exports
  2. 5. the AD formula
  3. 6. occurs when there is high GDP and unemployment decreases
  4. 10. occurs when there is 2 years of consecutive negative GDP & low inflation
  5. 11. global agreement
  6. 12. supply factor where amount of output is produced with any given number of input
  7. 14. tax on individuals income and the bulk of government revenue
  8. 16. something being forgone in order to get something else
  9. 17. unemployment cause by discouragement of job prospects and not counted in statistics
  10. 19. unemployment when an individual is in between jobs
  11. 22. living standards measured by goods and services
  12. 23. a type of market structure with little competition but not much effect
  13. 24. limited resources not being able to meet unlimited needs and wants
  14. 25. geographically located agreement
  15. 26. living standards of an individual's quality of life with no monetary factors
  16. 27. part time/ casual workers that work similar hours as full time
Down
  1. 1. part of AD formula and is affected by population growth
  2. 2. income after tax
  3. 4. part of AD formula and is affected by business confidence
  4. 7. unemployment caused due to lack of aggregate demand
  5. 8. test done to check individual’s income and ownership
  6. 9. what is interest rate
  7. 13. a type of market structure with no competition
  8. 15. unemployment due to automation
  9. 18. taxes on specific goods and services like tobacco
  10. 20. consumers being optimistic about their future
  11. 21. leading forum to facilitate trade/ investment and economic growth consisting of 21 countries