GDP

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