Across
- 2. business cycle stage showing downward GDP direction
- 4. advances in knowledge
- 8. the plants, equipment, and infrastructure operating in an economy
- 11. business cycle stage showing upward GDP direction
- 12. the total value of final goods and services produced in the economy during a given period (usually one year).
- 13. the GDP of a country divided by the population of that country
- 14. the extent to which the peak was an economic high, versus the extent to which the trough was an economic low.
- 16. goods and services produced in Canada, but sold to other countries
Down
- 1. the capital expenditures that businesses make to produce goods and services to sell to consumers
- 3. The total value of a nation’s production of goods and services
- 5. combination of invention and innovation
- 6. another major influence on economic growth, and it includes the accumulated knowledge (from education and experience), skills,
- 7. severe or prolonged recession
- 9. the extent to which the peak was an economic high, versus the extent to which the trough was an economic low.
- 10. the low point of recession stage of business cycle
- 13. the high point of recovery stage of bussinesscycle the wave-like GDP cycles of varying length and amplitude
- 15. goods and services purchased from another country
