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- 1. Multiple Choice
Which of the following flows is not a Withdrawal?
Taxes
Savings
Export Receipts
Import Payments
- 2. Multiple Choice
What does a Gini Coefficient show?
The number of millionaires in a country
The level of inequality in a society
The amount of unemployment
The need for Government to increase taxes
- 3. Multiple Choice
Why is it unsustainable to have Economic Growth above 4.5%
It leads to large increases in Real GDP
It leads to large increases in the Gini Coeffient
It leads to large increases in Unemployment
It leads to large increases in Inflation
- 4. Multiple Choice
Why does the Reserve Bank cut interest rates?
To increase the rate of inflation
To slow the economy down
Because the Economy is in the upswing stage of the Trade Cycle
Because it leads to people spending more money
- 5. Fill in the Blank
The lowest point on the trade cycle is known as the:
- 6. Fill in the Blank
What will reduce the current account deficit?
- 7. Multiple Choice
The COVID crisis has led to
no change to country's economies
lower government spending on benefits
most countries entering into the trough stage of the trade cycle
lower unemployment
- 8. Multiple Choice
What is the Gini Coefficient of a country with low levels of inequality
0.00
0.20
0.40
0.60
- 9. Fill in the Blank
The main circular flow contains two money flows. What are they called?
- 10. Multiple Choice
Governments have an important stabilisation role in the Economy.
True
False
- Answer choicesTagsAnswer choicesTags