GDP

2. business cycle stage showing downward GDP direction
4. advances in knowledge
8. the plants, equipment, and infrastructure operating in an economy
11. business cycle stage showing upward GDP direction
12. the total value of final goods and services produced in the economy during a given period (usually one year).
13. the GDP of a country divided by the population of that country
14. the extent to which the peak was an economic high, versus the extent to which the trough was an economic low.
16. goods and services produced in Canada, but sold to other countries

1. the capital expenditures that businesses make to produce goods and services to sell to consumers
3. The total value of a nation’s production of goods and services
5. combination of invention and innovation
6. another major influence on economic growth, and it includes the accumulated knowledge (from education and experience), skills,
7. severe or prolonged recession
9. the extent to which the peak was an economic high, versus the extent to which the trough was an economic low.
10. the low point of recession stage of business cycle
13. the high point of recovery stage of bussinesscycle the wave-like GDP cycles of varying length and amplitude
15. goods and services purchased from another country