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