The Economy

What is CONSUMER CONFIDENCE?

• How people are feeling about themselves

• If most people have a job

• When people know what they are doing in their jobs

• How people are feeling about their jobs, money and the future

What are INTEREST RATES ?

• How much it costs to borrow or save money

• How interested people are in the news

• How much savings people have

• How much debt people have

We all pay tax. What does it get spent on?

• It goes to the business

• The government spends it on the NHS, schools, social services

• It goes to the Bank of England

• We all get it back

Prices are going up how much over the last year?

• 2%

• 5%

• 7%

• 10%

What is the name given to prices when they keep going up?

• Rising

• Growing

• Inflation

• Expenses

Who decides whether to put taxes up?

• Businesses

• People

• Government

• The EU

What is minimum wage for a year?

• £18,000

• £23,000

• £27,000

• £32,000

If you earn £23,000 a year how much TAX do you pay?

• £1200

• £2000

• £2800

• £3200

The average spent on food per person each week is....?

• £20

• £40

• £50

• £70

How many bank holidays does the UK have

• 8

• 10

• 16

• 20