GDP

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