Economics Crossword Puzzle

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Across
  1. 3. Income- total income going to the consumer sector before individual income taxes are paid
  2. 7. Demand- total quantity of goods and services demanded at different price levels
  3. 8. Growth- sustained period of which a nation’s total output of goods and services increases
  4. 10. point in time when real GDP stops declining and begins to expand
  5. 12. Transaction- economic activity not taking place in the market and, therefore, not included in GDP
  6. 13. rise in general level of prices
  7. 15. Unemployment- unemployment caused by fundamental change in the economy that reduces the demand for some workers
  8. 18. Domestic Product- dollar value of all final goods, services and structures produced within a country’s national borders during a one year period
  9. 19. combination of stagnant economic growth and inflation
  10. 20. of Living- quality of life based on ownership of necessities and luxuries that make life easier
  11. 21. decline in GDP lasting at least 2 quarters or more
  12. 22. state of being available for work while actively searching for work
  13. 23. recovery from recession
Down
  1. 1. Unemployment- unemployment caused by swings in business cycle
  2. 2. Price Index- index used to measure price changes for a market basket of frequently used consumer items
  3. 4. Personal Income- personal income less individual taxes
  4. 5. Unemployment – unemployment caused by workers changing jobs or waiting to go new ones
  5. 6. point in time when real GDP stops expanding and begins declining
  6. 9. state of economy with large numbers of unemployed, declining real economies, overcapacity in manufacturing plants, and general economic hardship
  7. 11. Triangle- table showing the rates of growth of a statistical series between any two dates
  8. 14. Cycle- systematic changes in real GDP marked by alternating periods of expansion and contraction
  9. 16. Index-Unofficial statistic that is the sum of monthly inflation and the unemployment rates
  10. 17. Products- products directly excluded from GDP because they are components of other final products included in GDP