WorksheetsiGCSE Business Studies: Economic Terms Quiz
Total questions: 8
Worksheet time: 4mins
The constant rise in the general level of prices over a period of time is termed ...
expansion
inflation
unemployment
consumption
When a person who is actively searching for employment is unable to find work, this is...
expansion
inflation
unemployment
consumption
A significant decline in general economic activity in a designated region is called
expansion
economic growth
recession
gross domestic product
The phase of the business cycle where real GDP grows for two or more consecutive quarters is termed ...
expansion
recession
balance of payments
gross domestic product
The value of one nation's currency versus the currency of another nation is called ...
expansion
recession
balance of payments
exchange rate
Goods and services that are produced in our country and sold to buyers in another country are called...
exports
imports
external purchases
external sales
A fall in the value of a currency due to factors such as weaker economic fundamentals is termed...
exchange rate appreciation
exchange rate depreciation
exchange rate valuation
exchange rate extrapolation
How much money an individual makes after accounting for inflation is termed ...
economic growth
inflation
gross domestic product
real income
