Across
- 4. focuses on economic decisions of individuals, households, and businesses
- 6. the GDP of the country divided by the population of that country
- 8. business cycle stage showing upward GDP direction
- 9. what is the upwards stage of the GDP
- 11. GDP value adjusted for inflation
- 14. What dollar is worth more Canadian or US dollar
- 15. a fall in the level of real GDP - usually when GDP falls in two consecutive quarters
- 16. goods and services purchased from another country
- 19. more accurate way to compare GDP
- 20. the declining trend of the GDP
Down
- 1. GDP valued at current dollars and not adjusted for inflation
- 2. A new creation
- 3. does the total amount of income when the GDP increases, increases or decreases
- 5. focuses on the performance, structure, behaviour, and decision-making of an entire economy - the ‘big picture
- 7. severe or prolonged recession
- 10. the peak from peak to trough
- 12. the distance between either the peak and another peak or trough and another trough
- 13. is the highest point of the GDP
- 17. lowest point of the GDP
- 18. goods and services produced in Canada but sold to other countries
