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WorksheetsEconomic Indicators
Total questions: 25
Worksheet time: 13mins
Inflation is the..
Rising prices over a year..
Rising rate of Interest rates..
Rising house prices in a year
High Inflation causes?
Increase in purchasing power
Decrease in purchasing power
Rise in prices
CPI Stands for..
Consumer product interest
Consumer price index
Consumer place index
Consumer Price Index or CPI measures the overall change in the prices of goods and services
True
False
labour force are those who can work between the age of...
16-60
20-40
16-66
16-66
People who are not in work, but who are available for and actively seeking work
unemployable
unemployed
the work force
Unemployed people can receive...
Jobseekers benefit
BIK
Bonus
Jobseekers allowance
APR stands for..
Annual production rate
Annual percentage rate
Annual price rate
GDP stands for Gross Domestic Production.
True
False
When a country experiences economic growth which of the following DOES NOT happen?
Employment increases
Unemployment decreases
People on Jobseekers allowance goes up
Standard of living improves
GNP is..
Gross National Points
Gross National Production
Gross National Product
GNP excludes which two..
Income sent to other countries
Income thats spent in Ireland
Income coming into Ireland
Income that is earned in one county but sent to the UK
Which of these is not in the Economic Cycle
Boom
Slump
Maturity
Recession
Which of these is not an economic indicator?
Inflation
Consumer Price Index
interest rates
economic growth
Importing is buying goods and services from other countires.
True
False
High Unemployment will result in...
Lower standard of living
workers emigrating
falling income levels
all of the above
Borrowers like low interest rates whereas savers prefer higher rates.
True
False
A recession is a general ________ in the level of economic activity.
Increase
Slowdown
Percentage
None of the above
Ireland suffered economic recession in what year?
2002
2005
2016
2009
Taxes may increase to help fund repayment could be used with what economic indicator?
Employment
Inflation
National Debt
Interest Rates
Buying Irish potatoes instead of Spanish potatoes is known as?
Imports
Import Substitution
Import Swaps
None of the above
Government Grants do need to be repaid with a small amount of interest.
True
False
Which of these is not a way the Government can help Business?
Reduce self assessment tax
Lower rates of payroll taxes
A hike in corporation tax
Lower employers PRSI
Who is responsible for attracting foreign direct investment into Ireland?
IDA Ireland
Enterprise Ireland
Which is a negative impact a Business can have on the economy
Closures
Pressure on Infrastructure
All Options listed
Damage to the Enviroment
