WorksheetsEconomic Cycle
Total questions: 16
Worksheet time: 8mins
How do we measure economic growth?
by the change in GDP
by the change in GNP
by the change in inflation
The economic growth is always expressed in
€
%
$
The Gross Domestic Product can be measured in ...
3 ways
one way
5 ways
What causes economic growth?
new technologies
better machinery
improved training of workers
more charity work
What does NOT cause economic growth?
new ideas
pandemics like Corona
higher salaries
crises
There are (a) stages in the economic cycle
What are benefits of economic growth?
more income
more jobs
more pollution
more food
What are some disadvantages of economic growth?
environmental pollution
greater stress on workers to produce more
higher standard of living
more choice of products
What do we call it if the economy is doing really well?
a boom
an explosion
recession
slump
What do we call the period when the economy improves again after a recession?
recovery
redone
reborn
slump
Which is not a phase of the economic cycle?
boom
slum
recession
recovery
consumers spend a lot of money
boom
slump
recession
recovery
A high unemployment rate
boom
slump
recession
recovery
Confidence in the economy starts to decrease
boom
slump
recession
recovery
Characteristics of a recession
high unemployment rate
high prices
low investment
high production rate
Mehrwertsteuer (MwSt) in English is (a)
