Across
- 2. A type of GDP that does not include inflationary pressures and is a better measure when calculating GDP.
- 8. This type of unemployment refers to people who have been unemployed for 52 weeks or longer
- 9. A type of unemployment that refers to the status of people who are unwillingly working in low-skill and low-paying jobs or only part-time because they cannot get full-time jobs that use their skills
- 10. Foreign-made goods and services purchased by Australian households, businesses, governments and other organisations
- 11. The value of nation’s currency when compared to another currency
- 17. A type of GDP that does include inflationary pressures.
- 18. When the business cycle begins to go upwards and there is an upturn in economic activity
- 20. A model which measures the periodic growth and decline of an economy, measured mainly by GDP
- 24. Refers to how optimistic or pessimistic householders are about their current and future financial position
- 26. A type of unemployment which is experienced because a person is unemployable due to personal characteristics
- 27. Refers to all persons aged over 15 years of age who are able and willing to work. It includes those persons classified as employed and those who are unemployed.
- 28. A component of aggregate demand that refers to total spending in the private household sector
- 30. A type of unemployment which occurs because a person does not have a job at the same time each year, because the type of employment available only occurs seasonally
Down
- 1. How the total expenditure on Australian made goods and services is calculated. It consists of 5 components.
- 3. The percentage of individuals who are 15 and older who are able and willing to work.
- 4. The maximum level of employment is achieved without triggering excess inflationary pressures or when cyclical employment is at 0% and the unemployment rate is at 4.25%
- 5. A type of unemployment that refers to when someone who is 15 or older that willingly chooses to not obtain a job
- 6. Government spending on capital goods and services
- 7. Government spending on non-capital consumer goods
- 12. A type of unemployment that occurs due to a lack of aggregate demand
- 13. Refers to how optimistic or pessimistic businesses are about their current and future financial positions.
- 14. Non-accelerating inflation rate of unemployment
- 15. A period of very high rates of growth in production (or real GDP) that is likely to be unsustainable
- 16. The lowest point of the business cycle and is defined by two successive quarters of negative economic growth.
- 19. A type of unemployment which occurs because the an individual does not match the required skills of the industry, generally because of technological and system changes
- 21. When the business cycle begins to decline and there is a downturn in economic activity
- 22. A sustained increase in the general or average price level over time
- 23. A component of aggregate demand which refers to the spending on capital goods and services by the business sector
- 25. Australian-made goods and services purchased by foreign households, businesses, governments and other organisations
- 29. Unemployment which is caused by factors other than a lack of aggregate demand, types includes frictional and seasonal unemployment