Across
- 4. goods and services purchased from another country
- 6. production of goods and services produces ____
- 8. low point of recession stage of business cycle
- 9. per person
- 10. what d0es c refer to into in the formula
- 13. consumer spending makes up ___% of gdp
- 14. gdp is a tool to gauge the ____ of an economy
- 15. total goods and services
- 18. severe or prolonged recession
- 19. a fall in the level of real GDP
Down
- 1. big picture economics
- 2. when gdp increase income _____s
- 3. human capital #1
- 5. small picture economics
- 7. advances in knowledge
- 11. human capital #3
- 12. the higher the gdp the higher the economic _____
- 16. how many months declining gdp is considered a recession
- 17. human capital #2