Unit 1.3 Financial Influencers

Priya is studying the current situation of her country's economy, looking at factors like employment, inflation, and economic growth. What term best describes what Priya is analyzing?

• economic condition

• recession

• census

• globalization

Oliver runs a small manufacturing business. Over the past six months, he has noticed that his sales have dropped, production has slowed down, and the overall economic activity in his city has decreased. The local news reports that the country's GDP has fallen for two consecutive quarters. What economic term best describes this situation?

• economic recession

• appreciation

• technology

• entitlement

Grace notices that the prices of groceries and other everyday items at her local store have been steadily increasing over the past year. She also finds that her money doesn't buy as much as it used to. What is this situation an example of?

• inflation

• media

• cutbacks

• interest

Nora takes a loan from a bank to buy a car. The bank charges her an extra amount for borrowing the money, usually expressed as a percentage of the amount borrowed. What is this extra amount called?

• interest

• recession

• inflation

• culture

Charlotte is conducting a survey to understand the characteristics of people living in her city, such as their age, gender, and income. What is the term for the statistical data she is collecting?

• demographics

• calculus

• globalization

• technology

Harper moves to a new country and notices that people there have different traditions, ways of greeting each other, and unique festivals. What term best describes these shared ideas, customs, and social behaviors?

• culture

• recession

• demographics

• interest

Benjamin works in a factory where he uses machines and scientific methods to improve production. What term best describes what Benjamin is using?

• technology

• media

• culture

• economic condition

Oliver is preparing a project on how information is shared with large groups of people. He needs to define the term 'Media' for his presentation. Which of the following best describes 'Media'?

• The main means of mass communication (broadcasting, publishing, and the Internet) regarded collectively.

• A type of musical instrument used in orchestras.

• A scientific term for a type of bacteria.

• A method of cooking using dry heat.

Ava believes that she should receive special treatment at work simply because of her position, regardless of her performance. What is this belief called?

• entitlement

• media

• inflation

• recession

Olivia notices that the prices of groceries, fuel, and other everyday items have all increased over the past year. What is this general rise in the level of prices called?

• Inflation

• Investment

• Personal Debt

• Premium