GDP Vocabulary
Across
- 2. Goods and services produced in other countries, then brought to Canada in exchange for currency
- 3. GDP Dollar value of all final goods and services produced within a country’s borders minus inflation
- 4. Goods and services produced in Canada, then brought to other countries in exchange for currency
- 6. SPENDING Dollar value of all goods and services purchased by the various agencies of Canada.
- 9. SUPPLY The amount of goods and services ALL companies are willing to produce at ALL possible price levels
- 10. PER CAPITA Currency value of all final goods and services produced within a country’s borders divided by the population
Down
- 1. Dollar value of all goods and services purchased by households
- 2. Dollar value of all goods and services purchased by business for the purpose of using in their business
- 5. A general rise in the price level of an economy
- 7. OF LIVING Intangible concepts that seek to represent a country’s level of economic prosperity. Correlates with GDP growth
- 8. EXPORTS Dollar value of all goods and services produced in Canada and shipped to other countries MINUS the value of the goods and services imported from other countries