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WorksheetsFinance Topic 2
Total questions: 24
Worksheet time: 13mins
What does Socio-Econmic mean?
A sustainable/ healthy economy
External influences out of your control
An increasing population
Creating Better living conditions
Which is an example of socio-ecomnomic?
Using paper straws all the time
More children and less deaths
More unemployed people
Interest rates set by the bank of england
What is an Economic Boom?
When the economy cant control its population growth
When the economy is decreasing in value
When the economy is producing and selling increasing amounts of goods and services
When the unemployed is increasing
What are the benefits of an economic boom?
Greater number of jobs, lower unemployment/ increased income
Greater number of jobs, higher unemployment, increased income
Fewer number of jobs, lower unemployment, increased income
Greater number of jobs, lower unemployment, decreased income
What is a Recession?
An increase in an economies production
When a countrys production falls for two or more consecutive quarters
When a countrys production falls for three or more consecutive quarters
A decrease in unemployment
What government mechanism is placed under strain in a recession?
The benefits system
Three tier system
Economic recession distribution
Government economy act
Tick 3 reasons why people are living longer
Better living conditions
They have better entertainment
Better nutrition
Medical Advances
They have holidays
What is the life expectancy of a boy and girl born in 2010?
Men= 84. Women=89
Men=74. women=77
Men=87 women=89
Men=79. Women=83
Due to a longer life span, what should individuals consider other than a state pension?
A personal Pension, and occupational pension
Employer pension
Benefit pension
Savings pension
What age is the government going to pay a pension to individuals in 2020?
Age 57
Age 69
Age 59
Age 66
What is a retirement stage trend?
When older people follow a trend eg hot country
When older people go to care homes
When older people follow each on insta
When older people die and even population
What does migration mean?
Movement of families in the same country
Movement of people between countries
Moving house into a smaller one
Claiming benefits
What does immigration mean?
When people stay where they live
When people are scared of their own country
when people move house
When people settle in another country due to problems
How many current members are in the EU?
26
48
28
82
Tick two boxes that may result in career mobility
Company bankruptcy
Better jobs
Eating too much in work
Deciding to go on holiday
Birth and infanthood
0-3
0-1
0-2
0-4
Childhood(preSchool)
3-7
2-8
2-5
2-4
Childhood(School)
6-10
5-12
7-11
4-12
Teenager
12-18
13-18
13-19
11-19
Young Adult
20-30
21-29
19-25
18-25
Mature Adult
27-35
26-40
36-45
28-43
Middle age to late middle age
41-60///55-65
45-65////56-65
42-64/////58-64
43-67////59-67
Old age/ Retirement
70 onwards
80 onwards
60 onwards
65 onwards
Death
In old Age
At any time but most often in old age
