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Unit 6: External Influences: Government Objectives
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What is The Business Cycle?
1 point
The purchasing power of someone’s income once inflation is taken into account.
When a country’s GDP falls
The price of one currency in another. E.g. 1 Euro = 1.08 USD
The pattern for economic growth; Growth > Boom > Recession > Slump.
Goods or services made in a country and then sold to another country.
The difference between the levels of a country’s imports and exports.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
When people, who can and want to work, can not find jobs.
When prices increase over time
Goods or services made outside a country that are then bought in.
The fall in a currency’s value when compared to others.
The value of all the products and services made in a country during the year.
Clear selection
What is are imports?
1 point
When prices increase over time
The pattern for economic growth; Growth > Boom > Recession > Slump.
Goods or services made in a country and then sold to another country.
When people, who can and want to work, can not find jobs.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
When a country’s GDP falls
The difference between the levels of a country’s imports and exports.
The purchasing power of someone’s income once inflation is taken into account.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
Goods or services made outside a country that are then bought in.
The value of all the products and services made in a country during the year.
The fall in a currency’s value when compared to others.
Clear selection
What is Recession?
1 point
When prices increase over time
The price of one currency in another. E.g. 1 Euro = 1.08 USD
The pattern for economic growth; Growth > Boom > Recession > Slump.
When people, who can and want to work, can not find jobs.
When a country’s GDP falls
Goods or services made in a country and then sold to another country.
The difference between the levels of a country’s imports and exports.
Goods or services made outside a country that are then bought in.
The purchasing power of someone’s income once inflation is taken into account.
The fall in a currency’s value when compared to others.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
The value of all the products and services made in a country during the year.
Clear selection
What is are exchange rates?
1 point
The purchasing power of someone’s income once inflation is taken into account.
When a country’s GDP falls
The pattern for economic growth; Growth > Boom > Recession > Slump.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
When people, who can and want to work, can not find jobs.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
The fall in a currency’s value when compared to others.
Goods or services made outside a country that are then bought in.
Goods or services made in a country and then sold to another country.
The value of all the products and services made in a country during the year.
The difference between the levels of a country’s imports and exports.
When prices increase over time
Clear selection
What is Gross Domestic Product?
1 point
Goods or services made outside a country that are then bought in.
The difference between the levels of a country’s imports and exports.
The fall in a currency’s value when compared to others.
The value of all the products and services made in a country during the year.
The pattern for economic growth; Growth > Boom > Recession > Slump.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
When people, who can and want to work, can not find jobs.
Goods or services made in a country and then sold to another country.
When prices increase over time
When a country’s GDP falls
The purchasing power of someone’s income once inflation is taken into account.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
Clear selection
What is real income?
1 point
When prices increase over time
When a country’s GDP falls
Goods or services made in a country and then sold to another country.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
When people, who can and want to work, can not find jobs.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
The purchasing power of someone’s income once inflation is taken into account.
The pattern for economic growth; Growth > Boom > Recession > Slump.
The fall in a currency’s value when compared to others.
The difference between the levels of a country’s imports and exports.
Goods or services made outside a country that are then bought in.
Clear selection
What is balance of payments?
1 point
When people, who can and want to work, can not find jobs.
Goods or services made in a country and then sold to another country.
When prices increase over time
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
The fall in a currency’s value when compared to others.
The difference between the levels of a country’s imports and exports.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
Goods or services made outside a country that are then bought in.
When a country’s GDP falls
The purchasing power of someone’s income once inflation is taken into account.
The pattern for economic growth; Growth > Boom > Recession > Slump.
Clear selection
What is unemployment?
1 point
When people, who can and want to work, can not find jobs.
The pattern for economic growth; Growth > Boom > Recession > Slump.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
When prices increase over time
When a country’s GDP falls
Goods or services made outside a country that are then bought in.
The purchasing power of someone’s income once inflation is taken into account.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
The difference between the levels of a country’s imports and exports.
Goods or services made in a country and then sold to another country.
The fall in a currency’s value when compared to others.
Clear selection
What is inflation?
1 point
When a country’s GDP falls
Goods or services made outside a country that are then bought in.
The difference between the levels of a country’s imports and exports.
The fall in a currency’s value when compared to others.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
When people, who can and want to work, can not find jobs.
The pattern for economic growth; Growth > Boom > Recession > Slump.
When prices increase over time
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
Goods or services made in a country and then sold to another country.
The purchasing power of someone’s income once inflation is taken into account.
Clear selection
What is are exports?
1 point
The value of all the products and services made in a country during the year.
The difference between the levels of a country’s imports and exports.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
When prices increase over time
Goods or services made outside a country that are then bought in.
Goods or services made in a country and then sold to another country.
When people, who can and want to work, can not find jobs.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
The fall in a currency’s value when compared to others.
The purchasing power of someone’s income once inflation is taken into account.
The pattern for economic growth; Growth > Boom > Recession > Slump.
When a country’s GDP falls
Clear selection
What is economic growth?
1 point
The pattern for economic growth; Growth > Boom > Recession > Slump.
When people, who can and want to work, can not find jobs.
The purchasing power of someone’s income once inflation is taken into account.
Goods or services made in a country and then sold to another country.
The price of one currency in another. E.g. 1 Euro = 1.08 USD
The fall in a currency’s value when compared to others.
When a country’s GDP falls
Goods or services made outside a country that are then bought in.
When prices increase over time
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
The difference between the levels of a country’s imports and exports.
Clear selection
What is exchange rate depreciation?
1 point
The price of one currency in another. E.g. 1 Euro = 1.08 USD
When a country’s GDP falls
When people, who can and want to work, can not find jobs.
The pattern for economic growth; Growth > Boom > Recession > Slump.
The purchasing power of someone’s income once inflation is taken into account.
Goods or services made in a country and then sold to another country.
When a country’s Gross Domestic Produce (GDP) increases. This means the country is becoming wealthier.
Goods or services made outside a country that are then bought in.
The fall in a currency’s value when compared to others.
When prices increase over time
The difference between the levels of a country’s imports and exports.
The value of all the products and services made in a country during the year.
Clear selection
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