Economic Performance - Year 10 Economics and Business

Pregunta 1 de 10

2

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

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 2 de 10

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 3 de 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.

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 4 de 10

2

The balance of payments measures the:

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 5 de 10

2

If the Australian dollar falls in value imports become cheaper

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 6 de 10

2

A surplus means

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 7 de 10

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 8 de 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.

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 9 de 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 ________________________.

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 10 de 10

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

	Creado por Cath Smeeteon hace más de 7 años

Queensland Certificate of Education Economics and Business Test sobre Economic Performance - Year 10 Economics and Business, creado por Cath Smeeteon el 01/12/2016.

Economic Performance - Year 10 Economics and Business

Pregunta 1 de 10

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 2 de 10

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

Selecciona uno de los siguientes:

Explicación

Pregunta 3 de 10

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 4 de 10

The balance of payments measures the:

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 5 de 10

If the Australian dollar falls in value imports become cheaper

Selecciona uno de los siguientes:

Explicación

Pregunta 6 de 10

A surplus means

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 7 de 10

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

Selecciona uno de los siguientes:

Explicación

Pregunta 8 de 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.

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 9 de 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 ______________________________.

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 10 de 10

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

Selecciona uno de los siguientes:

Explicación

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 ________________________.