Macro Economics Term Review Crossword Puzzle
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QUESTIONS LIST:
- economics: the study of how humans make choices under conditions of scarcity
- exports: products (goods and services) made domestically and sold abroad
- gdp: measure of the size of total production in an economy
- imports: products (goods and services) made abroad and then sold domestically
- macroeconomics: the branch of economics that focuses on broad issues such as growth, unemployment, inflation, and trade balance
- scarcity: when human wants for goods and services exceed the available supply
- deficit: a trade _ occurs when the value of a country's imports exceeds the value of its exports
- depreciation: economic _ is the decline in the economic value of an asset over time.
- consumption: the spending of money on goods and services by households.