NATIONAL INCOME ACCOUNTING AND ECONOMIC GROWTH

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Across

1Adjustments in exchange rate conversions that take into account differences in the true cost of living across nations is called purchasing ______. (5,6)
3This measures total income accruing to Canadian residents in the current year. (3)
6Total spending on new capital goods in the current year, not including changes in inventories, is called ______investment. (5)
7Total dollar amount spent by Canadians on goods produced in foreign nations. (7)
8Items that are consumed and produced at the same time. (8)
10The dollar value of an industry's sales minus the value of intermediate goods is called ______. (5,5)
12______ measures the net addition to the nation's capital stock in the current year. (3,10)
16Dollars spent on programs such as welfare and employment benefits are called government ______. (9)
17The amount of income that households actually receive before they pay personal taxes. (8,6)
18Economic development that meets the needs of the present without compromising the ability of future generations is called ______ development. (11)
21Corporate ______refer to profit earned during the current year that is not taxed or paid out to shareholders. (8,8)
24Goods that are at their final stage of production and will not be further processed are called ______ goods. (5)
25Total value of exports minus imports in the current year equals ______. (3,7)
26Increases in per capita real GDP measured by its rate of change per year is called ______. (8,6)
27______is another term for capital goods. (8,8)
28The amount that is left over from disposable income after deducting consumption in the current year. (8,6)

Down

1Taxes that are directly levied on households are called ______taxes. (8)
2These taxes are the non-income taxes levied on the sale of goods and services. (8,5)
3The ______is an index measuring the price of all items in the GDP. (3,5,8)
4The true state of a nation's economic welfare tends to be _____ due to non-market activities. (14)
5The portion of the current year profit that is paid out to shareholders each year. (9)
9A government protection that gives the inventor of a product a monopoly. (6)
11Consumer ______goods have a life span of more than three years. (7)
12The total income earned by all resource owners during the current year. (8,6)
13Total spending on new capital goods in the current year, including changes in inventories. (5,10)
14The reduction in the value of capital goods over a one year period due to wear and tear and obsolescence is called ______. (12)
15The process of transforming an invention into something that is useful to humans. (10)
19GDP measured in current year dollars is called ______GDP. (7)
20The largest component of expenditures on Canadian GDP is ______expenditure. (11)
21GDP measured in base year dollars is called ______GDP. (4)
22GDP adjusted for the nation's population is called GDP per ______. (6)
23Two main methods of estimating total GDP are the expenditure approach and the ______approach. (6)


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