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- 1. Multiple Choice
What is GDP per capita?
GDP divided by the value of capital inputs
GDP divided by the population
GDP divided by the number of workers
GDP divided by the number of weeks in the year
- 2. Multiple Choice
The rate of economic growth is measured by
(original/difference) x 100
difference x 100
potential - actual level of output
(difference/original) x 100
- 3. Multiple Choice
Which of the following will increase economic growth
An increase in unemployment
An increase in incomes
An ageing population
Investment in technology
- 4. Multiple Choice
A period of high economic activity and high employment is:
A recovery
A recession
A boom
A slowdown
- 5. Multiple Choice
Which of the following will NOT increase economic growth?
Updates in technology
Immigration
Increased taxation
Increased Government spending
- 6. Multiple Choice
Which of the following is NOT a consequence of economic growth
Less employment
Pollution
Increased incomes
Improved living standards
- 7. Multiple Choice
Unemployment occurs when
Someone wants a job but can't find work
Someone is able and willing to work but can't find a job
Someone is able to work but does not have employment
Work provided is not sufficient to meet the needs of workers
- 8. Multiple Choice
The labour force survey measure of unemployment is
Usually higher than the claimant count
Usually lower than the claimant count
Fully representative of the labour force
A measure often used to make comparisons of unemployment between countries
- 9. Multiple Choice
The rate of unemployment is
How many people are not in work / Total Population x 100
Total Unemployed/Total population x 100
Total unemployed/Workforce x 100
Total unemployed/ (total employed + total unemployed) x 100
- 10. Multiple Choice
During the recession more businesses shut down, causing unemployment. This type of unemployment is:
Seasonal
Frictional
Structural
Cyclical
- 11. Multiple Choice
Identify all examples of wealth
Salary
Benefits
Pension fund
Savings
- 12. Multiple Choice
Identify all incomes
Shares
Interest
Profits
Pension
- 13. Multiple Choice
Identify the consequences of in equality in income
Social unrest
More opportunity
Increase in living standards
Poverty
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