Topic 6 - Macroeconomy & Economic Growth

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Across
  1. 4. A conn especially lengthy and deep decline in output.
  2. 7. Trade ______ is the gap between exports and imports
  3. 8. Trade _______ is when a country’s exports are larger than its imports; calculated as exports – imports.
Down
  1. 1. Trade _______ is when a country’s imports exceed exports; calculated as imports – exports.
  2. 2. A significant decline in national output/GDP.
  3. 3. what economists use to analyse macroeconomic changes (such as inflation or recession)
  4. 5. _______ value is the economic statistic actually announced at that time; not adjusted for inflation
  5. 6. ____ value is an economic statistic after it has been adjusted for inflation.