IGCSE Economics Glossary Terms - E

IGCSE Economics Glossary Terms - E

9th - 12th Grade

28 Qs

quiz-placeholder

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IGCSE Economics Glossary Terms - E

IGCSE Economics Glossary Terms - E

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

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28 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total amount received including additional payments.

Earnings

Wages

Investments

Money

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Changes in the real GDP of an economy over time through periods of boom, recession, slump and recovery.

Economic cycle

Business cycle

Trade cycle

Currency cycle

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An improvement in the living standards and quality of life of the population of a country as it transitions from being reliant on the primary sector for employment and output towards the secondary and tertiary sectors.

Export development

Economic growth rate

Economic development

Enterprise development

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods which are scarce relative to the demand for them.

Economic goods

Enterprise goods

Excess goods

Scarce goods

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The change in the value of the goods and services produced within a country over time.

Enterprise growth

Economic growth

Employment growth

Expansionary growth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percentage increase in the value of goods and services produced in an economy over time (usually a year).

Enterprise growth rate

External growth rate

Economic growth rate

Efficiency growth rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land, labour, capital and enterprise.

Enterprise resources

Efficient resources

Export resources

Economic resources

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