Economics

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Across
  1. 2. Another word for limited
  2. 4. A level of income which people cannot enjoy access to basic needs
  3. 6. A demand factor in which one product can replace another product
  4. 8. Also known as personal income tax
  5. 10. A point on the business cycle where GDP is falling slowly
  6. 13. Gross domestic product
  7. 16. A level of poverty that is experienced when there is a serious deprivation of basic needs
  8. 22. A type of market structure that have a few firms in the industry
  9. 23. One firm in the industry
  10. 25. CPI that excludes volatile items
  11. 26. A supply factor that affects GDP
  12. 27. Refers to a rise in the level of prices for goods and services over a period of time
  13. 28. When consumers and producers are satisfied with the price
  14. 30. Goods or services bought from sellers in another country
  15. 31. A type of market structure that have several firms in the industry and has strong market power
  16. 32. Events such as cyclones, droughts and floods
  17. 37. A point on the business cycle where the GDP of a country is negative
  18. 38. Every 20% of income distributed
Down
  1. 1. Another word for unlimited
  2. 3. Part of the lorenz diagram that shows the degree of income or wealth quality or inequality
  3. 5. A demand factor that can increase GDP
  4. 7. A type of policy that includes taxes
  5. 8. A measure of resource efficiency
  6. 9. 80% of a business cost
  7. 10. A factor in the AD formula
  8. 11. A type of measure for inflation
  9. 12. When prices are generally falling over a period of time
  10. 14. A point on the business cycle where the GDP is high
  11. 15. A supply factor that can affect the cost of production of the business
  12. 17. A point on the business cycle where GDP is going up slowly
  13. 18. A number between 0-1 that measures the equality of the distributional income
  14. 19. When people are willing and able to work but do not have jobs
  15. 20. Every 10% of income distributed
  16. 21. A type of policy that includes interest rates
  17. 24. A situation where prices rise very quickly and go out of control
  18. 29. Natural resources that are used to produce goods and services
  19. 33. Goods or services produced in one country but sold to buyers in another country
  20. 34. Unlimited wants and needs but not enough resources
  21. 35. Payments received by businesses from selling goods and services
  22. 36. All buildings, equipment and human skills used to produce goods and services