Your first economics lesson

Economics is all about

• Money

• Trade

• Resource allocation

• Prices

The UK Prime Minister is

• Boris Johnson

• Rishi Sunak

• Kier Starmer

• Liz Truss

The Chancellor of the Exchequer is

• Kwasi Kwarteng

• Priti Patel

• Nadhim Zahawi

• Sajid Javid

The Chancellor of the Exchequer

• Sets interest rates

• Sets tax rates

• Sets the National Minimum Wage rate

• Sets the exchange rate

What is this building?

• Buckingham Palace

• The Treasury

• The Bank of England

• Dame Allan's North End Development

Approximately how many unemployed people are there in the UK?

• 170 000

• 1.3 million

• 3.8 million

• 6 million

Approximately what percentage of UK adults are unemployed?

• 2%

• 4%

• 6%

• 10%

In economics, inflation refers to

• Rising output

• Rising income

• Rising employment

• Rising prices

The UK inflation rate is approximately

• 5%

• 10%

• 15%

• 20%

The total value of all of the output made in the UK annually is called

• GOP

• GDP

• GDPR

• GODOY