Across
- 2. value of all exports minus the value of all imports
- 5. an economy with no links with other countries
- 6. includes all purchases by households on final goods and services in a year
- 7. imports, taxes, and savings are all forms of ?
- 11. another term for value measured in terms of prices that prevail at the time of measurement
- 12. measure of value that takes into account changes in prices over time
- 13. payments firms receive by selling goods and services
- 14. spending by firms or the government on capital goods and on construction
- 15. accounting method that considers the value of resource and environmental destruction
Down
- 1. this GDP figure indicates how much total output in the economy corresponds to each person in the population on average
- 3. in the circular flow of income model, expenditure flow = ? flow
- 4. depreciation + net investment = ?
- 8. payments households make to buy goods and services
- 9. one of the forms of household income
- 10. green accounting method developed by the World Bank that includes estimates of the amount of natural capital that is destroyed