Economic Terms (Extension Learning)
Authored by Simon Murray
Business
10th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total value of goods and services produced in a country over a specific period.
Boom
Recession
Monetary Policy
Gross Domestic Product (GDP)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The rate at which the general price level of goods and services rises, reducing purchasing power.
Gross Domestic Product (GDP)
Inflation
Budget Deficit
Monetary Policy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The percentage of the workforce that is actively seeking work but unable to find a job.
Recession
Monetary Policy
Unemployment Rate
Economic Cycle
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government decisions on taxation and spending to influence the economy.
Supply-Side Policies
Trade Balance
Fiscal Policy
Budget Surplus
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Actions by a central bank (e.g., Reserve Bank of NZ) to control interest rates.
Gross Domestic Product (GDP)
Recession
Government Debt
Monetary Policy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost of borrowing money or the return on savings, often influenced by central banks.
Boom
Interest Rate (OCR)
Budget Deficit
Fiscal Policy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of one currency compared to another, affecting imports, exports, and inflation.
Unemployment Rate
Exchange Rate
Inflation
Budget Deficit
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