Across
- 3. when prices rise and money buys less
- 8. measures wellbeing using life expectancy, education, and income
- 9. ensures fair competition and protects consumers
- 10. phase of the economic cycle when spending and jobs decrease
- 11. provide labour and receive income in the circular flow
- 13. produce goods and services in the economy
- 15. when government spends more than it collects
Down
- 1. the next best alternative given up when making a choice
- 2. collects taxes and provides public services
- 4. money paid to the government to fund services
- 5. shows how money moves between households and businesses
- 6. phase of the economic cycle when production and jobs increase
- 7. plan showing government income and spending
- 12. when government collects more than it spends
- 14. total value of goods and services produced in a country