Economics GDP Crossword

1. Means 'total' in economics
3. Inflation can occur when there is a _________ of products
6. Rate of inflation measures how much the price of a ______ of goods and services changes over time
8. Product made overseas, bought by Australians
9. Unemployed + Employed
10. GDP is the total value of all _________ goods & services
11. Inflation reduces ___________ power
13. An increase in GDP results in economic ______
15. Inflation can result from strong _______ for goods & services
17. Someone working at least one hour paid work per week
18. A general rise in price level over time

2. Where an economy experiences negative economic growth for 2 quarters (as shown in the business cycle diagram)
4. Product made in Australia, sold overseas
5. Type of living standards relating to access to goods & services
7. Firms may raise prices if these costs increase
9. To be considered unemployed, a person must be _________ for work
12. Australian Bureau of statistics collects these for 100,000 goods and services
14. Business _______ diagram shows changes in economic growth over time
16. Gross ________ Product