Economics

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Across
  1. 2. limited resources not being able to meet unlimited needs and wants
  2. 4. part of AD formula and is affected by population growth
  3. 5. unemployment caused due to lack of aggregate demand
  4. 10. supply factor where amount of output is produced with any given number of input
  5. 11. tax on individuals income and the bulk of government revenue
  6. 13. a type of market structure with no competition
  7. 16. living standards measured by goods and services
  8. 17. unemployment cause by discouragement of job prospects and not counted in statistics
  9. 20. what is interest rate
  10. 21. unemployment when an individual is in between jobs
  11. 22. makes up 75% of exports
  12. 23. leading forum to facilitate trade/ investment and economic growth consisting of 21 countries
  13. 24. geographically located agreement
  14. 25. test done to check individual’s income and ownership
  15. 26. living standards of an individual's quality of life with no monetary factors
Down
  1. 1. income after tax
  2. 3. the AD formula
  3. 6. occurs when there is 2 years of consecutive negative GDP & low inflation
  4. 7. unemployment due to automation
  5. 8. global agreement
  6. 9. part time/ casual workers that work similar hours as full time
  7. 10. occurs when there is high GDP and unemployment decreases
  8. 12. consumers being optimistic about their future
  9. 14. something being forgone in order to get something else
  10. 15. a type of market structure with little competition but not much effect
  11. 18. taxes on specific goods and services like tobacco
  12. 19. part of AD formula and is affected by business confidence