Across
- 2. Resources – Especially Capital and Labor – Are paid here.
- 6. Household spending on Goods and services (Products) is usually called _______________ spending.
- 7. A sustained increase in the general or average level of prices and a fall in the value of money.
- 11. This seeks to determine the prosperity of a nation by economic growth per person in that nation.
- 12. This Diagram shows a simplified version of the economy.
- 16. This is a person or persons who share an income.
- 17. People are actively looking for work but aren’t currently employed.
- 18. These represent the productive units in the economy that turn the factors of production into goods and services.
- 19. A loan in the form of an “IOU” that pays interest. They are often very safe, and pay low interest rates.
- 22. A measure of the average rate of inflation which calculates the change in the price of a representative basket of goods and services purchased by the “average” consumer.
- 23. Spending by households on consumer goods and services over a period of time.
- 24. The total money value of all final goods and services produced in an economy in a given time period, usually one year.
- 25. These are workers who would love to work more hours or are overqualified for their jobs.
- 26. This is the share in the ownership of a company held by a shareholder
- 28. Unemployment that exists when in the long-term the pattern of demand and production methods change and there is a permanent fall in the demand for a particular type of labor. There is a mismatch between skills and the jobs available.
Down
- 1. This is where Goods and Services are bought and Sold
- 3. This people are currently holding a job in the economy, either full time or part time.
- 4. The total money value of all final goods and services produced in an economy in a given time period, usually one year, at current values (not adjusted for inflation).
- 5. These are non-working people who are capable or working, but have given up looking for a job due to the state of a job market.
- 8. Equilibrium unemployment that exists when people have left a job and are in the process of searching for another job.
- 9. Disequilibrium unemployment that exists when there is insufficient demand in the economy and wages do not fall to compensate for this.
- 10. This is an organization that produces goods and services for sale.
- 11. Spending by governments on goods and services.
- 13. products that are used in the production process to make other goods, which are ultimately sold to consumers.
- 14. This “Force” is equal to the sum of the employed and unemployed.
- 15. The total money value of all final goods and services produced in an economy in a given time period, usually one year, adjusted for inflation.
- 20. The addition of capital stock to the economy or expenditure by firms on capital.
- 21. Goods and services produced in one country and purchased by consumers in another country.
- 27. Goods and services purchased by consumers in one country that have been produced in another country