Economics Homework 7-6-24

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Across
  1. 7. Tax that increases as you earn more
  2. 8. When people are too poor to meet their basic needs
  3. 10. _____ unemployment = the nature of the economy changing and people being unable to adapt to new jobs
  4. 11. When you spend more than you generate in income
  5. 12. Inflation caused by rising business expenses
  6. 13. When inflation continues, but at a slower rate
  7. 17. _____ unemployment = "between jobs"
Down
  1. 1. Goods sold to other countries
  2. 2. Inflation caused by expansion in consumer spending
  3. 3. When price levels decrease
  4. 4. GDP = Gross _____ Product
  5. 5. The gap between the rich and poor
  6. 6. People without a house are ____
  7. 9. Cost of borrowing/reward for saving
  8. 14. When price levels increase
  9. 15. Largest economic sector in the UK
  10. 16. Economies of ____ is when average costs fall as production increases