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WorksheetsA level business edexcel economic influences
Total questions: 15
Worksheet time: 6mins
If the UK Pound increases in value compared to other currencies, it has
depreciated
appreciated
A UK exporter would benefit from :
a stronger pound £
a weaker pound £
The Consumer Prices Index (CPI) measures the rate of :
visits to shops
online sales
inflation
interest repayments
If Inflation rises by 5% and average incomes (wages) rise by 3% then :
the real rate of inflation = 8%
the real rate of inflation = 3%
the real rate of inflation = 2%
The Business Cycle describes :
a popular form of transport to the office
up and downs of interest rates
up and downs of economic growth
up and downs of inflation rate
The Business Cycle measures :
GDP
CPI
OCG
GPD
GDP =
Great Decline Pending
Gather Data Patiently
Gross Domestic Purchases
Gross Domestic Product
The Recovery (upturn) phase =
The Boom phase =
A business can pass-on the extra cost of inflation, by raising prices if :
demand is price elastic
demand is price inelastic
£1 = 1.25 Euro, how much would a 60 pence tin of beans cost in Germany ?
0.48 Euros
7.50 Euros
0.75 Euros
The UK Pound appreciates in value to £1 = 1.50 Euros. How much is the 60 pence tin of beans in Euros ?
0.9 Euros
0.40 Euros
9 Euros
4 Euros
Interest rates = the cost of borrowing, and the reward for (a) (one word)
If Interest rates rise :
Consumers spend more and save less
Loan repayments become cheaper
The Pound will usually fall in value
The Pound will usually rise in value
If an economic boom leads to inflation then :
taxes and interest rates will be lowered
taxes and interest rates will be increased
government will spend more on big projects
