Economics

3. Money leaving the economy
4. When there's a single seller in a market (no competition)
5. Tax imposed on particular goods and services
7. rate The value of the australian dollar is determined by the _______
8. Line used to represent perfect income equality (at 45 degrees of lorenz curve)
9. A direct tax imposed against the income and capital gains of a company
13. Income after tax
15. Type of business that has around 2-20 owners that all share the profits
16. Refers to factor of production that uses machinery to produce goods and services
17. Individuals 15 years and older who are either employed or unemployed but actively looking for work
20. When an individual has been unemployed for more than one year
22. When unlimited needs and wants meet limited resources
24. possibility curve PPC
26. = C + I + G1 + G2 + X - M

1. Type of income received by people who contributed in the production process that takes form in wages or salary
2. A number between 0 and 1 that indicates the level of inequality in the distribution of income and wealth
6. People who are highly skilled and employed but either do not work enough hours or working a low skilled job
10. Type of unemployment when an individual is in between job
11. Term to describe the intake of good and services by consumers
12. When there is high GDP growth, low unemployment and high inflation
14. Visual representation of distribution of income
18. A measure of a country's GDP that takes market GDP and adjusts it for inflation
19. When there is 2 consecutive negative GDP growth quarters
21. Involves business capitalist expenditure of manufactures and equipment
23. Type of unemployment that is affected by demand side factors
25. Represents the cost of borrowing