Economics Units 1 & 2

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Across
  1. 5. factors climatic conditions, labour costs/wages, raw materials exchange rate and technology
  2. 7. choose an option over the other for a product or service
  3. 10. income tax tax percentage and quantity of tax rises
  4. 11. where goods and services are
  5. 12. income taxable interest, profit and distribution
  6. 15. percentage shows five groups
  7. 17. living standards real GDP shows growth
  8. 19. policy government controls money they spend and tax
  9. 21. wage income disposable income and non-cash transfers
  10. 22. efficiency productive efficiency
Down
  1. 1. rate how many individuals are not hired
  2. 2. activity goods and services provided
  3. 3. income factors of production create goods and services
  4. 4. household income money that individuals in the house have combined
  5. 6. domestic product goods and services price
  6. 8. factors consumer confidence, disposable income, interest rates substitute products, complement products, population growth tastes and preferences
  7. 9. of income determine profits and losses
  8. 13. distribution of income individuals get welfare and cash
  9. 14. distribution of income giving wages fairly to the public
  10. 16. curve graph allocates income and funds
  11. 18. disposable household income, money divided by how many people reside in the house
  12. 20. coefficient graph shows fairness in the income