GDP - Amanda

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Across
  1. 5. the accumulated knowledge (from education and experience), skills, and expertise possessed by the average worker in an economy
  2. 7. a severe or prolonged recession
  3. 8. the plants, equipment, and infrastructure operating in an economy
  4. 10. the M in the formula and the goods that are purchased from other countries
  5. 12. branch of economics that focuses on the performance, structure, behaviour, and decision-making of an entire economy’
  6. 13. advances in knowledge
  7. 14. the X in the formula also the goods and services sold to other countries
  8. 16. refers to the (X-M) in the formula GDP = C + I G + (X-M)
  9. 19. the value of one currency in terms of another currency
  10. 20. branch of economics that focuses on economic decisions of individuals, households, and businesses
Down
  1. 1. the wave-like GDP cycles of varying lengths and amplitude
  2. 2. C + I G + (X-M)
  3. 3. the total value of a nation’s production of goods and services
  4. 4. refers to government capital spending in the formula GDP = C + I G + (X-M)
  5. 6. applying inventions to new products or services
  6. 9. refers to the C in the formula GDP = C + I + G + (X-M)
  7. 11. refers to the I in the formula GDP = C + I G + (X-M)
  8. 15. GDP valued at current dollars and isn't adjusted for inflation
  9. 17. the stage in the business cycle shows that the GDP direction is going down
  10. 18. GDP valued at constant dollars (adjusted for inflation)