Across
- 4. GDP doesnt iclude the
- 5. the total value of a nation’s production of goods and services
- 6. combination of invention and innovation
- 9. a fall in the level of real GDP - usually when GDP falls in two consecutive quarters
- 11. The GDP of each country is calculated using the ____ from that country.
- 13. goods and services purchased from another country
- 14. the plants, equipment, and infrastructure operating in an economy
- 15. the higher the per capita GDP of a country, the higher the______.
- 16. the low point of recession stage of business cycle
- 18. advances in knowledge
Down
- 1. GDP values _____ change.
- 2. the high point of recovery stage of business cycle
- 3. GDP and economic growth are rough measures of the _____ health of an economy
- 7. severe or prolonged recession
- 8. GDP is subject to the ebbs and flows of ____.
- 10. applying inventions to new products or services
- 12. GDP values tend to move ___ and ____down.
- 13. GDP is adjusted for
- 16. the number of types economics is divided into
- 17. When _____ increases, the total amount of income in an economy increases
