Economics

3. a tax paid on earned income
6. the percentage of a population actively seeking but unable to find work
8. not counted as part of GDP
10. where buyers and sellers agree (where quantity demanded = quantity supplied)
13. Wages + Rent + Interest + Profit = GDP
14. a tax on all goods and services
17. a good tool used to measure economic growth, stands for Gross Domestic Product
19. Consumption + Investment + Government + Exports/Imports = GDP

1. # of types of unemployment
2. required payments to the government to fund services and government programs
4. when the market is free from any surpluses or shortages (aka the point where the supply curve and the demand curve meet)
5. number of goals created by UN for sustainable development
7. a tax on owned items (ex. house)
9. a tax on particular goods and services (ex. alcohol)
11. a price increase = increase in supply
12. a tax where everyone pays the same share of their income in taxes, regardless of their level of income
15. a price increase = decrease in quantity demanded
16. a cash payment aimed at helping a producer to continue to operate.
18. a tax where people with a higher income pay a higher share of their income in taxes