Type
Word Search
Description

Rates
Taxpayer
Economy
Employment
Population
Payments
Taxation
Security
Social
Equitable
Distribution
Welfare
Income
Government
Expenditure

Chapter 12 Crossword

Type
Crossword
Description

Branch of Economics that deals with the economy as a whole Macroeconomics
Dollar value of all final goods and services produced within a country's border within a given year. GDP
These products are excluded from GDP. Intermediate
GDP after adjustments for inflation. REAl
GDP divided by the population. Percapita
the market value of goods and services produced by US residents. GNP
C + I + G + (x-M) Expenditure
an official count of all people every 10 years census
highways, levees, mass transit, etc... infrastructure
People born from 1946 to 1964. babyboomers
2.119 births per woman fertilityrate
annual dollar income used to determine poverty povertythreshold
Curve showing actual distribution of income. Lorenz
economic and social assistance from the government. welfare
SNAP is known for. foodstamps
Program requiring community service in exchange for benefits. workfare

Chapter 20 & 21 Crossword

Type
Crossword
Description

payments by individuals and businesses to support the activities of governement taxes
total income of an individual minus certain deductions and personal exemptions taxable income
one who depends primarily on another person for such things as food, clothing, and shelter dependent
the money an employer withholds from workers' wages as payment of anticipated income tax withholding
financial instruments that include bonds, notes, and treasury bills securities
government borrowing to fund annual budget deficits national debt
12 month accounting period that extends from October 1st of one year to Seotember 30th of the next year fiscal year
expenditures required by law or resulting from previous budgetary commitments uncontrollables
benefits that Congress has provided by law to individuals and which they have an established legal right to recieve entitlements
generally the total budget changes only a little (an increment) from one year to the next incrementalism
involves using government spending and taxation to influence the economy fiscal policy
involves controlling the supply of money and credit to influence the economy monetary policy
the sum of all goals and services produced in the nation in a year gross national product
the rate the fed. charges member banks for loans discount rate
member banks must keep a certain percentage of their money in federal reserve banks as a reserve against their deposits reserve requirement

Taxing and Spending Crossword

Type
Crossword
Description

payments by individuals taxes
total income of an individual minus certain deductions taxable income
one who depends primarily on another dependent
money an employer withholds from worker's wages withholding
financial instruments, bonds, notes etc.. securities
total amount of money the gov owes national debt
a 12 month accounting period fiscal year
expenditures required by law uncontrollables
benefits that congress has provided by law to individuals entitlements
total budget changes only a little from one year to the next incrementalism
using go spending and taxation to influence the economy fiscal policy
controlling the supply of money & credit to influence the economy monetary policy
sum of all goods and services gnp
rate the fed charges members banks for loans discount rate
percentage of money member banks must keep in federal reserve banks reserve requirement
federal reserve system uses to affect the economy by buying or selling gov securities open market operations
the gov both supports & regulates private enterprise mixed economy
gov should keep its hands off the economy laissez faire
several corporations combined their stocks & allowed a board of trustees trust
business that controls so much of a product, service ,or industry that little or no competition exists monopoly
exists when a few firms dominate a particular industry oligopoly
stocks & bonds (great depression) securities
practice of negotiating labor contracts collective bargaining
court orders to prevent an action from taking place injunctions
programs designed to help elderly , ill, & unemployed citizens social insurance

Taxes Crossword

Type
Crossword
Description

Writes tax law congress
In charge of the federal budget. President
Imposes higher % of tax on higher incomes. progressive
Amount of income per person free from tax. exemption
Expenses that reduce the amount of taxable income. deduction
Responsible for paying various government expenses. Treasury
Tax that disproportionately hurts the poor more than the wealthy. regressive
Signed social security into law in 1935 Roosevelt
Problems in social security have arisen because of this. population
One category of tax you'll not get back. social security
Healthcare for the retired. medicare
solution for the retired poor before social security poorhouse
would give a refund offered at the beginning of each month fairtax
Taken out and sent to government on a quarterly basis. withholding
State tax administrations. Department of Revenue
Free to take advantage of tax benefits voluntary
All pay the same % of tax. Flat
Concept where portions of income are taxed higher as income rises. marginaltaxrate
Tax year ends for individuals. December 31
Date federal income tax is due. April 15
system never tried in any country. Fair

Personal Finance Crossword

Type
Crossword
Description

median on exchange currency
debt instrument issued for a period of more than a year bonds
trusted payment credit
lending; a grant loan
putting money to use by purchase or expenditure investing
monetary payment; received for good or services income
a share, right, or title in the ownership of property interest
preserving saving
supply of goods kept on hand for sale to customers by a merchant stocks
the amount charge interest rate
an estimate often itemized of expected income and expenses budget

National income Crossword

Type
Crossword
Description

Overestimation of national income Double Counting
Component of profit Corporate tax
Inside the boundary line of production Intermediate goods
Benefit of economic activity without paying any price Externalities
Sense of well-being among people Welfare
GDP deflator Price Index
Free services by Government Transfer Payment
Income from property and entrepreneurship Rent
Investment, expenditure, output Flow
Indians working in US embassy in India Normal resident

Paycheck Basics Crossword

Type
Crossword
Description

Amount subtracted from gorss pay Deductions
wages going directly to employee's bank account from eemployer's Direct Deposit
Federal Insurance Contribution Act: including social security and medicare FICA
Form used to prove citizenship Form I-9
States the amount of money earned and taxes paid throughout the previous year: wage and tax statement Form W-2
Determines the amount of money withheld for taxes: Employee's Withholding Allowance Certificate Form W-4
Total amount of money earned before payroll withholdings Gross Income
Health program for disabled and elderly Medicare
Amount of check often referred to as the "Take home Pay" Net Income
Length of time for which an employee's wages are calculated Pay Period
Paper Payment for earned wages Paycheck
Document that employee's receive either as a notice of payment and deductions Paycheck stub
Electronic card that carries the earned wages on it Payroll card
Items deducted from gross income Payroll deductions
Provides retirement income for the elderly and pays for disability benefits Social Security
Net income and the amount and employee receives after payroll deductions Take Home Pay
Required charges of citizens by local, state, and federal governments Taxes
Amount required by law for employers to withhold from earned wages to pay taxes Withholding Tax
Accumulated deductions for the year Year to Date

Economics Crossword Puzzle

Type
Crossword
Description

the study of how people seek to satisfy their needs and wants by making choices Economics
physical objects such as clothes or shoes Goods
actions or activities that one person performs for another Services
the method used by a society to produce and distribute goods and services Economic system
the income people receive for supplying factors of production, such as land, labor, or capital Factor payments
economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets Market Economy
the study of the behavior and decision making of entire economies Macroeconomics
the study of the economic behavior and decision making of small units, such as individuals, families, and businesses. Microeconomics
government aid to the poor Welfare
the desire to own something and the ability to pay for it Demand
the change in consumption resulting from a change in real income Income Effect
a good that consumers demand less of when their incomes increase Inferior Good
the amount of goods available Supply
tendency of suppliers to offer more of a good at a higher price Law of Supply
a factor that can change Variable
the point at which quantity demanded and quantity supplied are equal Equilibrium
a maximum price that can be legally charged for a good or service Price Ceiling
a minimum price for a good or service Price Floor
a market dominated by a single seller Monopoly
the right to sell a good or service within an exclusive market Franchise
a government-issued right to operate a business License
a business owned and managed by a single individual Sole proprietorship
the legally bound obligation to pay debts Liability
a business organization owned by two or more persons who agree on a specific division of responsibilities and profits Partnership
all nonmilitary people who are employed or unemployed Labor Force
labor that requires specialized skills and training Skilled Labor
labor that requires advanced skills and education Professional Labor
objects that have value in themselves and that are also used as money Commodity Money
objects that have value because the holder can exchange them for something else of value Representative Money
an institution for receiving, keeping, and lending money Bank
a required payment to a local, state, or national government Tax
income received by a government from taxes and nontax sources Revenue
Old-age, survivors, and disability insurance (OASDI) Social Security
the use of government spending and revenue collection to influence the economy Fiscal Policy
fiscal policies, like higher spending and tax cuts, that encourage economic growth Expansionary Policies
fiscal policies, like lower spending and higher taxes, that reduce economic growth Contractionary Policies

Economics Vocabulary Crossword

Type
Crossword
Description

Known as the father of modern economics Adam Smith
Favoring or enforcing strict obedience to authority, especially that of the government, at the expense of personal freedom Authoritarian
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state Capitalism
A model of the economy in which the major exchanges are represented as flows of money, goods and services between economic agents Circular Flow Model
A group of entities that share or are motivated by at least one common issue or interest, or work together to achieve a common objective Collective
An economic system in which inputs are based on direct allocation Command Economy
A social, political, and economic ideology movement whose ultimate goal is the establishment of the communist society Communism
The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix: price, product, distribution, and promotion Competition
In economics, consumer sovereignty is the assertion that consumer preferences determine the production of goods and services Consumer Sovereignty
The separation of tasks in any economic system so that participants may specialize Division of Labor
Implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency Economic Efficiency
Equity or economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics Economic Equity
The freedom to prosper within a country without intervention from a government or economic authority Economic Freedom
An increase in the amount of goods and services produced per head of the population over a period of time Economic Growth
the condition of having a stable income or other resources to support a standard of living now Economic Security
refers to an absence of excessive fluctuations in the macro-economy Economic Stability

Financial Terms Crossword Puzzle

Type
Crossword
Description

When you’re investing or saving, this is the interest that you earn on the amount you deposit, plus any interest you’ve accumulated over time. Compoundinterest
A number used by banks and other financial institutions to measure a borrower’s credit worthiness. FICOscore
The difference between your assets and liabilities. networth
The process by which you choose what proportion of your portfolio you’d like to dedicate to various asset classes, based on your goals, personal risk tolerance and time horizon. Assetallocation
Commonly referred to as fixed-income securities. Bonds
The increase in the value of an asset or investment — like a stock or real estate — above its original purchase price. Capitalgains
The process of buying or selling securities over time in order to maintain your desired asset allocation. Rebalancing
Also called equities or shares. Stocks
This is the process of paying off your debt in regular installments over a fixed period of time. Amortization
A type of mortgage in which the interest you pay on your outstanding balance rises and falls based on a specific benchmark. ARM
An account held by an impartial third party on behalf of two parties in a transaction. Escrow
A mortgage that carries a fixed interest rate for the entire life of the loan. Fixed-rate mortgage
Employer-sponsored retirement plans, such as pensions, in which the employer promises a specified retirement benefit based on a formula that may include an employee’s earnings history, length of employment and age. Defined-benefit plans
Companies often use these as management incentives. stockoptions
The payments you make to an insurance company in return for protection from financial losses within the scope of your policy. Premium
Used to determine your taxable income, minus any additional IRS-qualified deductions that you’re eligible to take. AGI
A person who is financially dependent on your income, typically a child or an adult relative you may support. Dependent
A standard amount that can be used to reduce your taxable income if you decide not to itemize your deductions. Standarddeduction
A qualified expense that the IRS allows you to subtract from your adjusted gross income, which further reduces your taxable income. Itemizeddeduction
A type of policy that provides additional liability coverage beyond what your home, auto or boat insurance may provide. Umbrellainsurance