1 | inflation | | _____ | One of Australia's main exported services |
2 | deflation | | _____ | Products and services sent (sold) OUT of a country |
3 | income | | _____ | Measures the total value of all goods and services produced in an economy in a year |
4 | Exports | | _____ | Money received in exchange of exports and imports |
5 | Imports | | _____ | Periods of increasing economic activity in the business cycle |
6 | Business cycle | | _____ | Source of government income |
7 | taxation | | _____ | Where one currency rises, the other currency does this |
8 | Expansion | | _____ | Periods of high and low economic activity |
9 | Foreign exchange | | _____ | the value of money in terms of what it can buy at a specified time |
10 | Contraction | | _____ | Where a currency moves in an upwards direction |
11 | Boom | | _____ | Products and services brought (purchased) INTO a country |
12 | Recession | | _____ | A period of increasing prices |
13 | Gross Domestic Product | | _____ | An increase in the level of economic activity where income and production are high |
14 | Depression | | _____ | A period of decreasing prices |
15 | Balance of trade | | _____ | A period of high unemployment, high low economic activity |
16 | Purchasing power | | _____ | The difference between the values of exports and imports of a country, |
17 | Infrastructure | | _____ | Provided by the government |
18 | Iron ore, livestock, coal, wool | | _____ | Some of Australia's main exports |
19 | Education-related travel | | _____ | Periods of decreasing or slowing economic activity in the business cycle |
20 | Cars, refined petroleum, delivery trucks | | _____ | Severe downturn in economic activity |
21 | Appreciation | | _____ | Some of Australia's main imports |
22 | Depreciates | | _____ | Money received by employees in exchange for labour |