GDP

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Across
  1. 3. The combination of invention and innovation
  2. 6. The GDP adjusted for inflation
  3. 9. The GDP not adjusted for inflation
  4. 12. the goods and services produced in Canada, but sold to other countries
  5. 16. focuses on economic decisions of individuals, households, and businesses.
  6. 17. Real GDP falls for two consecutive quarters
  7. 19. The total value of final goods and services produced in the economy during a given period.
  8. 20. the high point of recovery stage of business cycle
Down
  1. 1. The ‘big picture’ of economics.
  2. 2. the wave-like GDP cycles of varying length and amplitude
  3. 4. includes the accumulated knowledge, skills, and expertise possessed by the average worker in an economy.
  4. 5. applying inventions to new products or services
  5. 7. C + I + G + (X-M)
  6. 8. If a recession is very severe, or lasts for an exceptionally long time
  7. 10. The total value of a nation’s production of goods and services
  8. 11. advances in knowledge
  9. 13. includes the plants, equipment, and infrastructure operating in an economy.
  10. 14. business cycle stage showing upward GDP direction
  11. 15. the goods and services purchased from another country
  12. 18. the value of one currency in terms of another currency