Across
- 5. a period of decline in total output, income and employment.
- 7. the dollar value of all goods and services produced within the border of a given country
- 9. a reduction in the rate of inflation
- 11. the fraction of any change in disposable income that household save.
- 12. a method for determining the number of years it will take for some measures to double.
- 13. personal income less personal taxes
Down
- 1. the value of the product sold by a firm less the value of the products purchased and used by the firm to produce the product.
- 2. the ration of a change in GDP to the change in investment
- 3. the total market value of all final goods and services produced annually within the boundaries of canada
- 4. reduction in the average total cost of producing a product as the firm expands the size of plant in the long run.
- 6. an implicit price index calculated by dividing nominal GDP by real GDP and multiplying by 100
- 8. an increase in the overall price level
- 10. an increase in the real GDP.