Economics

3. makes up 75% of exports
5. the AD formula
6. occurs when there is high GDP and unemployment decreases
10. occurs when there is 2 years of consecutive negative GDP & low inflation
11. global agreement
12. supply factor where amount of output is produced with any given number of input
14. tax on individuals income and the bulk of government revenue
16. something being forgone in order to get something else
17. unemployment cause by discouragement of job prospects and not counted in statistics
19. unemployment when an individual is in between jobs
22. living standards measured by goods and services
23. a type of market structure with little competition but not much effect
24. limited resources not being able to meet unlimited needs and wants
25. geographically located agreement
26. living standards of an individual's quality of life with no monetary factors
27. part time/ casual workers that work similar hours as full time

1. part of AD formula and is affected by population growth
2. income after tax
4. part of AD formula and is affected by business confidence
7. unemployment caused due to lack of aggregate demand
8. test done to check individual’s income and ownership
9. what is interest rate
13. a type of market structure with no competition
15. unemployment due to automation
18. taxes on specific goods and services like tobacco
20. consumers being optimistic about their future
21. leading forum to facilitate trade/ investment and economic growth consisting of 21 countries