Introduction to Macro- Economics

123456789101112131415
Across
  1. 1. This measures the total value of output in an economy.
  2. 3. These depict money coming into the circular flow of income.
  3. 6. This approach in measuring GDP focuses on all spending in the economy by households and firms on new and final goods
  4. 8. This approach in measuring GDP focuses on payments made to rewards of factors of production
  5. 10. Funds or monies paid to the government of a country by both the household and firm
  6. 12. These represents the expenditure of foreign consumers on local products
  7. 14. This refers to the total level of expenditure by the households on domestically produced goods and services.
  8. 15. This studies problems, issues, theories and concepts affecting the entire economy
Down
  1. 2. Income tax is a popular example of this type of tax
  2. 3. These represents the expenditure of local consumers on foreign products.
  3. 4. ____________________ measures the monetary value of goods and services produced in an economy over a period of time.
  4. 5. __________________consumption is the minimum level of consumption or spending
  5. 7. The study of how individuals, firms, nations and governments use their scarce resources to satisfy their unlimited wants
  6. 9. The portion of disposable income that is not spent.
  7. 11. This type of investment is done to increase a company’s capital stock.
  8. 13. must take place even if a consumer has no disposable income.