Economic and Conversational Skills Quiz

What is the balance of trade?

• The total value of goods produced in a year

• The difference in value between a country's imports and exports

• The amount of money moving into and out

• The rate at which prices increase over time

What does GDP stand for?

• Gross Domestic Product

• General Development Plan

• Global Debt Policy

• Governmental Distribution Program

What is a tax incentive?

• A method to increase inflation

• A type of government regulation

• A way to measure unemployment

• A reduction in taxes to encourage economic activity

What does the term 'entrepreneur' refer to?

• Someone who starts their own business

• A government official

• A financial analyst

• A type of investment

What is the meaning of 'overcast' in weather terms?

• Covered with clouds

• Raining heavily

• Warm and damp

• Slightly wet

What does 'cashflow' refer to?

• The total value of goods produced

• The amount of money moving into and out

• The rate at which currency is exchanged

• The percentage of people without jobs

What is the unemployment rate?

• The amount of foreign investment

• The total value of exports

• The percentage of people who are employed

• The percentage of people without jobs

What does 'humid' mean?

• Raining slightly

• Covered with clouds

• Slightly wet and warm

• Not very cold

What is the purpose of monetary policy?

• To measure the balance of trade

• To regulate foreign investments

• To determine the unemployment rate

• To control the amount of money in an economy

What is a core team?

• A financial advisory group

• A type of government bureaucracy

• A network of companies

• A group of people who do the main part of a job