Year 7 Economics Revision

Year 7 Economics Revision

7th Grade

30 Qs

quiz-placeholder

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Year 7 Economics Revision

Year 7 Economics Revision

Assessment

Quiz

Other

7th Grade

Medium

Used 57+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market is 
any organised exchange of goods and services for money
where you buy groceries
stalls of food on weekends 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget is 
an estimate of future expenses and income
a low price
the amount you save

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money is a 
factor of production
means of exchange
good
service

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Budgets are important 
to ensure you have enough money to satisfy your needs and wants
to ensure you don't overspend each month
to help you save
all of the answers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income can be defined as 
money earned through work or investment
money spent on incomings
money earned through saving

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The aged pension can be defined as
regular payments made by the government to elderly people
regular payments from emplyers to old people
regular payments made by hospitals to sick people

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A casual worker
works only when needed
works 35 hours per week every week
works every second day

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