Economic Performance - Year 10 Economics and Business

Frage 1 von 10

2

There are six areas that are used to evaluate economic performance they are:

Wähle eine der folgenden:

economic growth, inflation, levels of seasonal sales, the level of money market interest rates, balance of payments and currency exchange rates
economic growth, inflation, levels of unemployment, the level of money market interest rates, balance of payments and currency exchange rates
economic growth, deflation, levels of unemployment, the level of money market interest rates, balance of payments and currency exchange rates
None of the choices provided

Erklärung

Frage 2 von 10

2

GDP measures the total value of production of goods in an economy over a period of time.

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 3 von 10

2

Inflation is one measure of economic performance. It is measured using _______, which measures changes in the price of a common basket of _ goods and services purchased by _________________.
Select the answer below that fills the blanks in the correct order.

Wähle eine der folgenden:

CPI, level, consumer, households.
GDP, level, consumer, households.
CPI, level, household, consumer
CPI, rises, consumer, households.

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Frage 4 von 10

2

The balance of payments measures the:

Wähle eine der folgenden:

movement of goods coming in and going out of Australia
movement of imports and exports coming in to Australia
movement of income coming in and going out of Australia
movement of income going out of Australia

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Frage 5 von 10

2

If the Australian dollar falls in value imports become cheaper

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 6 von 10

2

A surplus means

Wähle eine der folgenden:

an amount of something left over when most of the consumers requirements have been met.
An amount that is short to met consumers wants and needs
an amount of something left over when requirements have been met; an excess of production or supply.
None of the above

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Frage 7 von 10

2

The government is most likely to intervene in the economy when it thinks that businesses are making too much profit?

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 8 von 10

2

The unemployment level is an important indicator of economic performance.
If the unemployment level is high, then:
- income tax revenue _
- government expenses
- crime rates _________
-stress in unemployed individuals may increase.

Wähle eine der folgenden:

rises, rise, increase
rises, fall, increase
falls, rise, increase
None of the choices provided

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Frage 9 von 10

2

In Australia we have a _______ economy. It is also sometimes referred to as a _ market economy, this is because we have an economy where the market runs itself but with some influence and participation by the ________________________.

Wähle eine der folgenden:

modified, mixed, business
mixed, modified, government
command, modified, business
mixed, emerging, government

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Frage 10 von 10

2

Quality of life and environmental factors are common non financial measures of the economy.

Wähle eins der folgenden:

WAHR
FALSCH

	Erstellt von Cath Smeeteon vor fast 8 Jahre

Queensland Certificate of Education Economics and Business Quiz am Economic Performance - Year 10 Economics and Business, erstellt von Cath Smeeteon am 01/12/2016.

Economic Performance - Year 10 Economics and Business

Frage 1 von 10

There are six areas that are used to evaluate economic performance they are:

Wähle eine der folgenden:

Erklärung

Frage 2 von 10

GDP measures the total value of production of goods in an economy over a period of time.

Wähle eins der folgenden:

Erklärung

Frage 3 von 10

Wähle eine der folgenden:

Erklärung

Frage 4 von 10

The balance of payments measures the:

Wähle eine der folgenden:

Erklärung

Frage 5 von 10

If the Australian dollar falls in value imports become cheaper

Wähle eins der folgenden:

Erklärung

Frage 6 von 10

A surplus means

Wähle eine der folgenden:

Erklärung

Frage 7 von 10

The government is most likely to intervene in the economy when it thinks that businesses are making too much profit?

Wähle eins der folgenden:

Erklärung

Frage 8 von 10

The unemployment level is an important indicator of economic performance. If the unemployment level is high, then: - income tax revenue ___________ - government expenses ____________ - crime rates ___________________ -stress in unemployed individuals may increase.

Wähle eine der folgenden:

Erklärung

Frage 9 von 10

In Australia we have a _______________ economy. It is also sometimes referred to as a _______________ market economy, this is because we have an economy where the market runs itself but with some influence and participation by the ______________________________.

Wähle eine der folgenden:

Erklärung

Frage 10 von 10

Quality of life and environmental factors are common non financial measures of the economy.

Wähle eins der folgenden:

Erklärung

The unemployment level is an important indicator of economic performance.
If the unemployment level is high, then:
- income tax revenue _
- government expenses
- crime rates _________
-stress in unemployed individuals may increase.

In Australia we have a _______ economy. It is also sometimes referred to as a _ market economy, this is because we have an economy where the market runs itself but with some influence and participation by the ________________________.