2.1.1 Economic Growth 0.0 / 5 ? EconomicsMacroeconomicsASEdexcel Created by: 13clarkenCreated on: 17-01-19 09:32 96710423185 Across 1. ... is the overall prices over time and takes into account inflation (4, 3) 5. ... factors help the economy to grow: Improved technology, Increased labour productivity, discovering new raw materials, increased investment and increased labour force (6, 4) 7. ... measures data at prices of the day and doesn't take into account inflation (7, 3) Down 2. ... are incomes received without any corresponding output in the national economy (8, 8) 3. ... are the effects of something on a third party (13) 4. ... refers to the quantity if currency needed to purchase a given unit of a good (10, 5) 6. This measurement is not included in GDP measurements but includes: Life satisfaction surveys, Healthy life expectancy, median household income, Household net worth (8, 9) 8. ... factors help the economy to grow: Higher wages, Tax cuts, Increased Government Spending, lower interest rates and devaluation of the £ (6, 4) 9. ... measures the final values of incomes going into the UK (3) 10. ... is concerned with the whole economy (14)
Comments
No comments have yet been made