Economic Recession in the UK

What factors contributed to the UK falling into recession at the end of last year, according to the article?

• Increased government spending and higher exports

• People spending less, doctors' strikes, and a fall in school attendance

• A rise in unemployment and decrease in manufacturing

• Inflation and changes in foreign investment policies

By how much did the UK economy shrink between October and December?

• 0.3%

• 1.5%

• 0.5%

• 2.0%

When is the UK considered to be in recession, according to the article?

• If it fails to grow for two successive quarters

• If it has a one-time significant drop in GDP

• If unemployment rates exceed 10%

• If inflation rates are above a certain threshold

What pledge made by Rishi Sunak is mentioned in the article?

• To reduce the national debt

• To increase school attendance

• To grow the economy

• To resolve doctors' strikes

By how much did the UK economy grow in the whole of 2023?

• 0.1%

• 1.0%

• 0.5%

• 1.5%

What is the key measure of all the economic activity of companies, the government, the public sector, and individuals in a country?

• Gross National Product (GNP)

• Gross Domestic Product (GDP)

• Net Domestic Product (NDP)

• Total Domestic Revenue (TDR)

What action by junior doctors affected the health sector in the UK?

• A pay raise

• A strike action

• An increase in working hours

• A reduction in patient care

What is Chancellor Jeremy Hunt looking at as a way to deliver tax cuts in the Budget on 6 March?

• Increasing public spending

• Reducing public spending

• A larger squeeze on public spending

• Expanding healthcare services

According to the article, what had to come first before fulfilling the pledge to grow the economy, as stated by Mr. Hunt?

• Reducing unemployment

• Tackling inflation

• Increasing exports

• Cutting interest rates

What has been the trend in real wages in the UK for the past six months according to the image?

• Real wages have been decreasing.

• Real wages have been stable.

• Real wages have been rising.

• There is no information on the trend in real wages.