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cylces, sectors and indicators

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  • A fall in GDP and a rise in unemployment
    Inflation
    Growth
    Recession
  • Which sector includes banking and education?
    Primary
    Tertiary
    Quaternary
  • The repeating pattern of ups and downs in an economy
    Economic cycle
    Trade balance
    Sectors
  • The cost of borrowing money
    Interest rates
    GDP
    Inflation
  • The part of the economy that provides services such as tourism or education
    Secondary sector
    Quaternary sector
    Tertiary sector
  • What does the unemployment rate show?
    How much money families save
    The speed of price changes
    How many people cannot find work
  • What happens to jobs during expansion?
    Prices always fall
    People lose jobs
    Businesses hire more workers
  • The different areas of work and production that make up an economy
    Indicators
    Cycles
    Sectors
  • Which stage follows a recession?
    Recovery
    Expansion
    Peak
  • Which sector includes farming and fishing?
    Secondary
    Primary
    Tertiary
  • The highest stage of growth in the economy
    Expansion
    Recovery
    Peak
  • Which sector makes cars and steel?
    Secondary
    Primary
    Tertiary
  • The speed at which prices rise
    Balance of trade
    Inflation
    Unemployment
  • Why can a peak be risky?
    Prices rise too quickly
    Unemployment vanishes
    Everyone gets rich
  • Which indicator shows the cost of borrowing money?
    GDP
    Inflation
    Interest rates
  • The difference between exports and imports
    GDP
    Balance of trade
    Inflation
  • Which indicator compares exports and imports?
    Balance of trade
    Unemployment
    Interest rates
  • The percentage of people who cannot find work
    Interest rates
    Unemployment rate
    GDP
  • The part of the economy that focuses on research, IT, and knowledge
    Tertiary sector
    Quaternary sector
    Primary sector
  • The stage when the economy starts to grow again
    Recovery
    Recession
    Expansion
  • The part of the economy that uses natural resources like farming and fishing
    Tertiary sector
    Secondary sector
    Primary sector
  • What usually happens in a recession?
    GDP falls and unemployment rises
    Inflation disappears
    GDP grows and spending increases
  • What is the highest point of growth in the cycle?
    Peak
    Recovery
    Expansion
  • The total value of all goods and services produced in one year
    Inflation
    GDP
    Interest rates
  • hat does GDP measure?
    The total value of goods and services in one year
    The number of people who work
    The prices of food
  • The part of the economy that turns raw materials into finished goods
    Secondary sector
    Tertiary sector
    Primary sector
  • Which sector is the largest in most modern economies?
    Tertiary
    Primary
    Secondary
  • Why is high inflation a problem?
    It lowers unemployment
    It makes people richer
    Money loses value and families can't buy as much
  • A stage of growth when businesses are active and jobs are created
    Peak
    Recession
    Expansion
  • Which sector focuses on knowledge and technology?
    Tertiary
    Quaternary
    Secondary
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