WorksheetsThe economy - exam lesson 3
Total questions: 9
Worksheet time: 5mins
What is the definition for the "economy"
the value of a country's economy and the amount of money a country makes over a set period of time, for example a year.
The value of goods and services of a country or how much money it makes.
refers to the basic permanent facilities, utilities and services needed for modern society to function, e.g. roads, buildings, water supplies etc.
the value of a country's economy and the amount of money a country makes over a set period of time, for example a year.
What does this statement refer to?
The economy
Gross domestic product
Infrastructure
How rich a country is
refers to the basic permanent facilities, utilities and services needed for modern society to function, e.g. roads, buildings, water supplies etc.
What does this statement refer to?
Infrastructure
The economy
GDP
The need for more facilities
What do we mean by direct employment?
Working as a builder building hotels
Working as a butcher or baker supplying hotels with materials
Jobs that are created by the travel and tourism industry
What two are examples of direct employment
Travel agent
Hotel manager
The local baker
The local farmer
What do we mean by indirect employment
Jobs that are created to supply and support travel and tourism organisations
Working in face to face roles where you meet the customers
Working directly on the front line of travel and tourism
What are two examples of indirect employment
The baker who supplies the hotel with bread
The hotel cleaner
The butcher who supplies the hotel with meat
The hotel receptionist
What do we mean by the economic multiplier effect
Direct spending by tourists, circulated throughout the economy on indirect products and services
Where one individual becomes richer and richer
Where money circulates but stays in one business
What do we mean by infrastructure development
Where the money is invested into direct travel and tourism facilities such as building theme parks and water parks
Building more and more housing estates
When a country gets more tourists they need more facilities, as the country makes money from tourism they will improve facilities and services of the local area
