Economics
Across
- 3. A steady rise in prices over time
- 9. The total production of all citizens of one country regardless of their location in the
- 11. The study of the economic decisions made by individuals, firms, and markets
- 12. Physical human energy used in production
- 14. An item used to produce a product or a service
- 16. Items that are not necessary for basic human survival
- 17. The study of the national economy
- 18. Inputs endowed by nature
Down
- 1. A situation in which resources are lacking
- 2. Money that exists because the government says that is has value is called
- 4. When calculating GDP, the purchase of factories, equipment, and houses is included in
- 5. The total production of goods and services that occurs within the legal borders of a
- 6. Net exports are calculated as _________________________ minus
- 7. Inflation is most likely to benefit _________________________ and
- 8. Inputs created by humans
- 10. A measure of those individuals seeking jobs but not working
- 13. A decline in GDP for two or more quarters
- 15. Items necessary for basic human survival