Economic Performance - Year 10 Economics and Business

Questão 1 de 10

2

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

Selecione uma das seguintes:

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

Explicação

Questão 2 de 10

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 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.

Selecione uma das seguintes:

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

Explicação

Questão 4 de 10

2

The balance of payments measures the:

Selecione uma das seguintes:

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

Explicação

Questão 5 de 10

2

If the Australian dollar falls in value imports become cheaper

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 6 de 10

2

A surplus means

Selecione uma das seguintes:

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

Explicação

Questão 7 de 10

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 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.

Selecione uma das seguintes:

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

Explicação

Questão 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 ________________________.

Selecione uma das seguintes:

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

Explicação

Questão 10 de 10

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

	Criado por Cath Smeeteon mais de 7 anos atrás

Queensland Certificate of Education Economics and Business Quiz sobre Economic Performance - Year 10 Economics and Business, criado por Cath Smeeteon em 01-12-2016.

Economic Performance - Year 10 Economics and Business

Questão 1 de 10

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

Selecione uma das seguintes:

Explicação

Questão 2 de 10

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

Selecione uma das opções:

Explicação

Questão 3 de 10

Selecione uma das seguintes:

Explicação

Questão 4 de 10

The balance of payments measures the:

Selecione uma das seguintes:

Explicação

Questão 5 de 10

If the Australian dollar falls in value imports become cheaper

Selecione uma das opções:

Explicação

Questão 6 de 10

A surplus means

Selecione uma das seguintes:

Explicação

Questão 7 de 10

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

Selecione uma das opções:

Explicação

Questão 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.

Selecione uma das seguintes:

Explicação

Questão 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 ______________________________.

Selecione uma das seguintes:

Explicação

Questão 10 de 10

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

Selecione uma das opções:

Explicação

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 ________________________.