economy terms chapter 2

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Across
  1. 2. out business firms excluded by the government
  2. 4. human effort that produces goods or services
  3. 7. necessary resources all people need
  4. 10. payment for labor
  5. 13. receives more in taxes than it is spending.
  6. 14. total amount of goods and services in households
  7. 15. payment for using someone else's land
  8. 16. collection of a nation’s financial institutions
  9. 17. goods used to produce other goods
Down
  1. 1. exceeds the amount received in taxes
  2. 2. depict the nature of money in the economy
  3. 3. payments of money or good to persons
  4. 4. can predict future trends and values at any given time.
  5. 5. the difference between what was spent and what was made
  6. 6. natural resources used in the production of goods
  7. 8. household withdraws money
  8. 9. explains relationship between variables
  9. 11. develop new and useful goods and services
  10. 12. payment made on borrowed money