Across
- 1. As the price of a product increases the quantity demanded will tend to decrease, vice versa
- 6. The income available for consumption on goods and services following the payment of unavoidable expenses, such as mortgage repayments, rent, etc
- 7. Government investment expenditures on goods that are of a capital nature, such as the building of roads and railways
- 9. Refers to either a demand or supploy curve where the responsiveness of demand/supply to a change in variable is low
- 11. Mental and physical effor exerted by humands in the production process
- 12. A good that is used with another good, for example, coffee and milk, bread and butter, cars and petrol, sushi and soy sauce and an Iphone and earphones
- 13. Government consumption of goods and services that are not capital in nature
- 15. Goods and services purchased by Australians that are made overseas
- 16. When one currency is able to purchase less of another currency
- 17. Someone who is 15 or over working more than one hour per week
- 18. Any place that allows buyers and sellers to interact and exchange goods and services
- 19. Whne the quantity demanded exceeds the quantity supplied
- 24. The payment of profit to shareholders
- 26. The price at which the quantity demanded is eqaul to the quantity supplied
- 27. The total income after tax
- 28. The general business comminity's perception of their future levels of sales and profitability
- 33. All those aged 15 and over who are willing and able to work, including both employed and unemployed
- 35. Total expenditure on Australian made goods and services
- 38. Economic agents who purchase goods and services
- 39. When revenue exceeds expenses
- 40. Where a person is unemployed due to mental, physical or other characteristics that prevent them from reciving a job offer
Down
- 2. The total value of goods and services available for sale in an economy in a give time frame
- 3. Those who are not working but are not counted as unemployed because they have not sought work in the week prior to the survey.
- 4. An industry where a few firms tend to dominate the industry in terms of market share and volumes sold and there is limited competition
- 5. Taxes paid by individual income earners
- 8. Resources which have been made by combining labour and natural resources to create a more sophiticated input in the production process
- 10. A good or service that is needed by consumers
- 13. A number between zero and one, providing an indication of the degree of inequailty in the distribution of income
- 14. Exports Exports minus imports
- 20. The responsiveness of demand or supply to a change in a variable such as price
- 21. An industry or market that is dominated by one seller of a product and the product does not have a close substitute
- 22. The cost of borrowing money or the rate of return from lending money
- 23. The value of a nation's currency when compared to another currency
- 25. The market quantity that is bought and sold such that there is neither an excess demand nor an excess supply of products
- 29. When the market is in a state of excess demand or excess supply due to price being too low or too high
- 30. Non-accelerating Inflation rate of unemployment
- 31. An area of study that looks at the composition of the popluation and where those people live
- 32. As the price for a good or service increases, there will generally be an increase in the quantity supplied, vice versa
- 34. Income Private or market income in addition to the direct cash benefits received from governments
- 36. Economic agents who are involved in the production process via the provision of goods or services
- 37. A broad based consumption tax introduced in Australia in 2000 and currently applied at a rate of 10% on most goods and services