Across
- 4. A conn especially lengthy and deep decline in output.
- 7. Trade ______ is the gap between exports and imports
- 8. Trade _______ is when a country’s exports are larger than its imports; calculated as exports – imports.
Down
- 1. Trade _______ is when a country’s imports exceed exports; calculated as imports – exports.
- 2. A significant decline in national output/GDP.
- 3. what economists use to analyse macroeconomic changes (such as inflation or recession)
- 5. _______ value is the economic statistic actually announced at that time; not adjusted for inflation
- 6. ____ value is an economic statistic after it has been adjusted for inflation.