Economics Final 2023

4. losely related to GDP, estimates the total value of all final goods and services produced by a country's residents. It factors in residents' overseas investment income and foreign residents' income within the country.
7. financial asset or instrument with economic value that can be bought, sold, or traded.
8. My favorite Drink
12. potential benefits foregone when choosing one option over another, impacting decisions in economics and everyday life.
16. basic materials or products bought in large quantities for producing other goods and services.
17. The greatest sport ever. Invented by Dr. James Naismith

1. investigates the financial decision-making processes of individuals, households, and businesses, particularly in markets for goods and services.
2. fundamental theory in economics that explains how prices and quantities are determined in a market.
3. charges applied to borrowed money, goods, or assets, expressed as a percentage of the outstanding loan. They apply to various lending transactions, including mortgages, business loans, and tuition fees.
5. reflects a positive outlook on a market's performance, indicating that stock prices are increasing or expected to rise.
6. focuses on analysing a nation's overall economic performance and behaviour, including factors like unemployment, GDP, inflation, and growth.
9. measures a nation's economic performance by summing the monetary value of all goods and services produced within its borders during a specific period. This metric offers a quick snapshot of a country's economic health, making it essential for comparisons and policy decisions.
10. economic system driven by supply and demand, with limited government intervention.
11. the gradual decline in the purchasing power of a currency over time, leading to rising living costs.
13. a stock market with pessimistic prospects, where stock prices face a prolonged decline.
14. signifies ownership in an asset or company.
15. Our Mascott