GCSE BUSINESS OCR UNIT 6 REVISION

What defines economic climate?

• How well a country is doing in terms of income and employment

• How many staff a business employs

• Gross Profit

• The ownership of a business

What is income?

• How many people fly into a country

• The amount of money someone receives from work and assets

• The number of staff employed by a business

• The amount of money from sales

Consumer income is...

• The total amount of money spent exporting

• The total income from imports

• The total amount of money a country's consumers have to spend

• The net profit of a business

True or false: level of employment is the number of people employed in a country.

• True

• False

What is GDP (Gross Domestic Product)?

• A business' revenue

• How much people spend on a daily basis

• A measure of how many people leave a country

• A measure of how much a country produces in a year

What is level of income?

• The average income of people in a country

• The average number of sales

• Average number of employees

• The average number of staff who left a business

Which is true? Economic growth occurs when...

• GDP falls and employment rises

• GDP rises and employment rises

• GDP falls and employment falls

• GDP rises and employment falls

Which is NOT an example of something that happens in a recession?

• Employment falls

• GDP falls

• Employment increases

• Level of income falls

Distribution of income can also be known as...

• The number of people in employment

• The number of products produced a year

• Falling employment

• The gap between the rich and poor

The international economic climate is what is happening with income and employment around the world

• True

• False