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Score
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thief
Give points!
5
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20
25
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star
Double points!
Okay!
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fairy
Take points!
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25
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banana
Go to last place!
Oops!
15
×
If real GDP in 2019 was $482bn and $476bn in 2020, what was the rate of economic growth in 2020?
1.26%
-1.26%
-1.24%
1.24%
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15
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Which economic activity is found in the secondary sector?
Producing cars
Banking
Providing insurance
Growing corn
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15
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Which factor would be most likely to lead to an increase in the size of the labour force?
An increase in unemployment benefits
A reduction in the retirement age
An increase in income tax levels
An increase in inward migration
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15
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Which of the following is a definition of hyperinflation?
Prices are rising at a slower rate than previously
Prices are rising excessively
Prices are falling
Prices are constant
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15
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An increase in long run aggregate supply may lead to:
lower inflation and an increase in real output
higher unemployment and lower inflation
A higher inflation and a fall in real output
lower unemployment and a fall in real output
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15
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For a country, the CPI was 108 in 2018 and 120 in 2019. What was the inflation rate, to the nearest whole number, as measured by CPI in 2019?
- 12%
+12%
+11%
+10%
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15
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What is included in the calculation of RPI inflation but excluded from the calculation of CPI inflation?
Council tax
Children's clothes
Petrol
Medicines
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baam
Lose 5 points!
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magnet
Take 15 points!
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fairy
Take points!
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25
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baam
Lose 15 points!
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15
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Frictional unemployment occurs when:
cheap steel from abroad reduces demand for UK steelworkers
the economy is in a period of recession
workers are transferring between jobs
farm workers do not have a job during the winter months
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15
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In what economic climate would money be most at risk of not fulfilling its function as a medium of exchange?
Deflation
Hyperinflation
Disinflation
Inflation
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15
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How would a fall in the price level be shown on an aggregate demand (AD) diagram?
A movement up the AD curve
A shift to the left of the AD curve
A movement down the AD curve
A shift to the right of the AD curve
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15
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What impact will a fall in investment have on the aggregate demand curve?
Movement up the aggregate demand curve
Movement down the aggregate demand curve
Shifts the aggregate demand curve to the right
Shifts the aggregate demand curve to the left
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15
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In the model of the circular flow of income, which of the following will cause national income to increase?
An increase in government spending
An increase in taxes
An increase in savings
An increase in imports
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seesaw
Swap points!
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rocket
Go to first place!
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gift
Win 20 points!
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thief
Give points!
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15
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Which of the following is a component of the Human Development Index?
Cost of crime
Air quality
Life expectancy at birth
Income inequality
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