Across
- 6. the price of one currency in terms of another
- 7. salaries and other forms of labor income
- 8. personal income after personal income taxes have been paid
- 10. values of variables such as GDP and investment expressed in current dollars
- 11. all income earned by individuals for the use of their real property
- 13. reduction in the value of capital goods over a one-year period due to physical wear and tear and obsolescence also called capital consumption allowance
- 15. the total market value of all final goods and services produced during a year by factors of production located within a nation's borders
- 18. any use of today's resources to expand tomorrow's production
- 19. computing gdp by adding up the dollar value at current market prices of all final goods and services
Down
- 1. goods that have a life span of more than three years
- 2. Goods and services that are at their final stage of production and will not be transformed into yet other goods and services
- 3. goods used up entirely in the production of final goods
- 4. adjustment in exchange rate conversions that takes into account differences in the true cost of living across countries
- 5. A Measurement system used to estimate national income
- 9. consumer goods that are used up within three years
- 12. markets where businesses buy labor, land, capital, and entrepreneurial ability
- 14. markets where households buy goods and services
- 16. measuring gdp by adding up all components of national income including wages interest rent and profits
- 17. measurement of economic values after adjustments have been made for changes in the average of prices between years