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- 1. Multiple Choice
Unemployment measures include
Students
People who want to work longer hours but can't
Long term sick
Those out of work but not seeking benefits
- 2. Multiple Choice
Which of the following is not an measure of living standards?
Average Income
Average life expectancy
Average years of schooling
Average number of holiday days
- 3. Fill in the Blank
GDP = C +? + G + (X-M). What is ?
- 4. Open Ended
Define Fiscal Policy
- 5. Multiple Choice
Labour Productivity is best defined as
How much over time workers put in
How hard people work
The output generated per worker
The value of work produced
- 6. Multiple Choice
Select all features of a recession
Increased unemployment
Higher tax rates
Lower interest rates
Falling GDP
- 7. Multiple Choice
Which of the following are indirect taxes?
VAT
Corporation tax
Excise Duty
Income tax
- 8. Multiple Choice
Which of the following are sources of wealth?
Salary
Dividend
Pension Fund
Savings
- 9. Multiple Choice
How much did China's GDP change by in Q1 2020?
Increase 1.2%
Decrease 6.8%
Increase 3.2%
Decrease 2.9%
- 10. Multiple Choice
The Furlough Scheme is estimated to cost the Government how much by the time it come to a close in the Autumn?
£80bn
£90bn
£100bn
£120bn
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