Across
- 4. A country is said to achieve full employment when there is no _____ unemployment.
- 6. The ____ then spends this money on public services like health care, education, and infrastructure.
- 7. ____ examines the country as a whole and its achievement of the macroeconomics goals.
- 10. Economics studies how countries and different individuals choose to use the limited resources to maximize their ____.
- 11. ____ was instituted in 1990 as a way to assess development in terms of human wellbeing as well as economics. It’s a composite statistic that takes into account health, education, and income.
- 12. _____ value: refers to value of all final goods and services measured in current year’s prices(current dollars).
- 13. the part of the spending that is affected by disposable income.
- 15. ______ measures the COBG purchased by a typical household in a particular year as compared to the costs of the same basket of goods in the base year.
Down
- 1. ____ is a condition where the rate of inflation in an economy is extremely high, typically exceeding 50% per month.
- 2. is the ratio of the change in consumption expenditures to the change in disposable income.
- 3. These are funds that come into the economy from outside the normal consumer-to-business-to-consumer circular flow.
- 5. In order to close the inflationary gap, the government has to use ______ fiscal policy.
- 8. the part of the spending that is not affected by disposable income.
- 9. ______ workers are workers who gave up the process of searching for jobs after trying many rounds to get a job.
- 14. NDP = GDP - _________