GDP Crossword

1. the accumulated knowledge (from education and experience), skills, and expertise possessed by the average worker in an economy
4. business cycle stage showing downward GDP direction
6. applying inventions to new products or services
7. goods and services produced in Canada, but sold to other countries
8. Governments of every level need to spend money to pay for the various capital projects that are provided by every level of government.
9. includes the capital expenditures that businesses make to produce goods and services to sell to consumers.
10. a fall in the level of real GDP - usually when GDP falls in two consecutive quarters
12. the low point of recession stage of business cycle
14. the total value of all final goods and services produced in the economy during a given period, calculated using the formula, GDP = C + I + G + (X-M)
16. the value of one currency in terms of another currency
17. severe or prolonged recession
18. goods and services purchased from another country
19. the high point of recovery stage of business cycle
20. the plants, equipment, and infrastructure operating in an economy

2. the money spent by consumers; the largest component of GDP, comprising about 60% of the total.
3. business cycle stage showing upward GDP direction
5. the wave-like GDP cycles of varying length and amplitude
11. the difference between total exports and total imports
13. the total value of a nation’s production of goods and services
15. the GDP of a country divided by the population of that country