Across
- 1. measure of an economy's production over a period of time
- 7. type of approach that combines factors of income and factors of production
- 8. list of things used to keep track of inflation (2 wds.)
- 9. type of approach that is the sum of values and goods that are sold
- 10. A subcategory of economics that focuses on the global economy
- 12. purchasing _____ is how much can be bought of a good or service with currency
Down
- 2. a number that moves in proportion to the average price level (2 wds.)
- 3. type of approach that is the total amount spent on all goods and services
- 4. A subcategory of economics that focuses on markets
- 5. increase in the price of living
- 6. when the effects of inflation aren't removed
- 11. accounts for inflation and deflation
