GDP

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Across
  1. 2. capital the plants, equipment, and infrastructure operating in an economy
  2. 3. GDP GDP valued at constant dollars...adjusted for inflation
  3. 4. rate the value of one currency in terms of another currency
  4. 7. branch of economics that focuses on economic decisions of individuals, households, and businesses
  5. 11. severe or prolonged recession
  6. 12. cycle the wave-like GDP cycles of varying length and amplitude
  7. 13. goods and services produced in Canada, but sold to other countries
  8. 14. .goods and services purchased from another country
Down
  1. 1. branch of economics that focuses on the performance, structure, behavior, and decision-making of an entire economy - the ‘big picture’
  2. 5. capital the accumulated knowledge (from education and experience), skills, and expertise possessed by the average worker in an economy
  3. 6. GDP GDP valued at current dollars...not adjusted for inflation
  4. 8. the total value of a nation’s production of goods and services
  5. 9. .a fall in the level of real GDP - usually when GDP falls in two consecutive quarters
  6. 10. domestic product the total value of all final goods and services produced in the economy during a given period