Economics

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Across
  1. 4. Measured in constant dollars.
  2. 6. What method of measuring national income uses  Add up all the income (factor payments) earned by households in exchange for the factors of production used in the production of goods and services.
  3. 7. Straightforward Calculation of GDP
Down
  1. 1. what method of measuring national income determines total expenditure needed to buy the nation's output.
  2. 2. A purpose of measuring national income is to see _____ made by various sectors of the economy when the output method is used.
  3. 3. A shortcoming of GDP is GDP does not include the _____ of all output.
  4. 5. A purpose of measuring national Income is to ______ standard of living in various countries