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Economics Revision

Authored by Shaun Fowler

Social Studies

10th Grade

Used 9+ times

Economics Revision
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is GDP

Gross Domestic Product

Gum Drops Pimples

Gross Domestic Production

Gross Domestic Perception

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is GDP?

The money made from countries you import to

The total value of goods and services produced by a country

The gross domestic product of what you export

How much money there is within the economy

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the target rate for unemployment

5%-6%

0%

7%-8%

1%-2%

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the target rate for Economic Growth and Inflation?

10%

2%-3%

4%-5%

8%-9%

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If the Australian Government invests in infrastructure it is hoping to do......what?

generate economic growth through the creation of jobs

generate economic growth by encourage consumer spending

win more votes in the next election

stop the country from experiencing economic growth

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

To boost economic growth, the government could do what?

introduce higher taxes on business owners

introduce tighter regulations or laws on international imports and exports

Provide incentives for people to save money

Provide incentives for people to spend more money

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is wealth?

The money people make

How much money someone has in the bank

The value of someone's belongings

The value of everything a person owns or has saved minus any dents they might have

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