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WorksheetsThe Economic Cycle
Total questions: 11
Worksheet time: 7mins
Complete the following sentence........Mr Shortland is........
the best teacher in the world
a genius
a kind and caring soul
Iron Man
What comes before a recession in the economic cycle?
Boom
Slump
Stagnation
Dave
Negativity
Select 2 features of a recession
High Unemployment
Higher Standard of Living
Higher Wages
Negative Growth
Decrease in Government Borrowing
A recession is how many consecutive periods of negative growth?
5
3
1
2
4
Which industry out of the following would you expect to flourish and grow during a recession?
Banking
Discount Retailers
Travel Agents
High End Restaurants
Private Healthcare
China is the worlds largest country by population. Since 1992 it has achieved remarkable rates of economic growth. The growth rate has never been below 6% in the last 20 years or so, and it has been as high as 15% per year. In fact, China has achieved double-digit (10% or more) growth rates in a number of years.
What were China's lowest and highest growth rates during the the period detailed in the case study?
10% and 15%
6% and 10%
6% and 15%
Not Enough Data To Answer
Which one of these methods would a government choose to help an economy in recession recover from it?
Invest in Infrastructure
Borrow Less Money
Raise Taxes
Lower the Minimum Wage
Increase Interest Rates
In what decade did the last global recession start?
1990s
1980s
2000s
2010s
There hasn't been a global recession in the past 40 years
A recession has just taken hold in Costa Rica. As a result inflation is low and the value of currency has fallen. The country relies heavily on tourism and bananas. What would be the effect on tourism and banana exports?
Rise in tourism and rise in exports
Decline in tourism and rise in exports
Rise in tourism and decline in exports
Decline in tourism and decline in exports
John goes on holiday to Spain, during the trip the Spanish economy goes into recession. How will this potentially impact Johns holiday?
Cheaper Souvenirs
Rise in food costs
Better exchange rate (Euro)
More staff at the hotel
Minor to major disruption due to protests
When a recession comes to an end what is the next stage in the Economic cycle?
Slump
Boom
Recovery
Recession
Relief
