ECONOMICS ASSIGMENT

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Across
  1. 5. National Product (NNP): GNP minus depreciation.
  2. 6. transactions: Transactions that do not occur in formal markets.
  3. 7. The study of the economy as a whole, including inflation, unemployment, and economic growth.
  4. 10. per capita: GDP divided by the population.
  5. 13. year: The starting point for constructing an index number, used as a reference year.
  6. 14. personal income (DPI): The total income received by individuals before personal taxes are deducted.
  7. 15. economy: The economic activities that are not reported to the government and therefore not included in GDP.
Down
  1. 1. products: Products used in the production of other goods and services.
  2. 2. sales: Sales that involve items that were previously owned and used.
  3. 3. Domestic Product (GDP): This measures the total value of all final goods and services produced within a country in a given year.
  4. 4. GDP: GDP adjusted for changes in the price level.
  5. 8. GDP: GDP calculated with the prices of the current year.
  6. 9. income (NI): GDP minus taxes, social contributions, and subsidies on production and imports.
  7. 11. income (PI): The total income earned by a nation's residents in the production of goods and services.
  8. 12. National Product (GNP): The total value of all final goods and services produced by a country's residents, regardless of where they are produced.