AQA Economics A Level - Key Term Glossary: Macro

AQA Economics A Level - Key Term Glossary: Macro

12th Grade

100 Qs

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AQA Economics A Level - Key Term Glossary: Macro

AQA Economics A Level - Key Term Glossary: Macro

Assessment

Quiz

Other

12th Grade

Practice Problem

Easy

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100 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the balance of payments?

A record of all economic transactions between the residents of a country and the rest of the world.

A measure of a country's economic output.

A system for managing a country's currency.

A method for calculating inflation rates.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the current account measure?

The balance of trade, net income from abroad, and net current transfers.

The total amount of goods and services produced in a country.

The level of inflation in an economy.

The total amount of foreign direct investment.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are economic cycles?

Expansion and contraction phases in the economy

A type of bicycle used for economic purposes

A financial term for stock market trends

A method of calculating GDP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economic development?

The process of improving economic well-being and quality of life.

The decline in economic growth and quality of life.

The stagnation of economic activities.

The reduction of economic disparities.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economic growth?

Increase in the production of goods and services

Decrease in the unemployment rate

Increase in the population

Improvement in technology

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are economic shocks?

Sudden and unexpected events that affect an economy

Gradual changes in economic policy

Predictable economic trends

Long-term economic planning

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economic stability?

A state in which the economy of a country experiences constant growth and low inflation.

A situation where the economy is in a recession.

A condition where the economy is experiencing hyperinflation.

A scenario where the economy is stagnant.

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