Share cylces, sectors and indicators
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hat does GDP measure?
The total value of goods and services in one year
The number of people who work
The prices of food
Why is high inflation a problem?
It makes people richer
It lowers unemployment
Money loses value and families can't buy as much
What does the unemployment rate show?
How much money families save
How many people cannot find work
The speed of price changes
Which indicator shows the cost of borrowing money?
GDP
Interest rates
Inflation
Which indicator compares exports and imports?
Interest rates
Balance of trade
Unemployment
What happens to jobs during expansion?
Businesses hire more workers
Prices always fall
People lose jobs
What is the highest point of growth in the cycle?
Recovery
Expansion
Peak
What usually happens in a recession?
GDP falls and unemployment rises
Inflation disappears
GDP grows and spending increases
Which stage follows a recession?
Expansion
Peak
Recovery
Why can a peak be risky?
Prices rise too quickly
Everyone gets rich
Unemployment vanishes
Which sector includes farming and fishing?
Tertiary
Secondary
Primary
Which sector makes cars and steel?
Secondary
Primary
Tertiary
Which sector includes banking and education?
Tertiary
Primary
Quaternary
Which sector focuses on knowledge and technology?
Secondary
Quaternary
Tertiary
Which sector is the largest in most modern economies?
Secondary
Primary
Tertiary
The cost of borrowing money
Interest rates
GDP
Inflation
