Year 10 Economics - Wk 4
Quiz
•
Social Studies
•
10th Grade
•
Medium
Nicolas Lowe
Used 20+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP per capita tells us nothing about a nation's:
Standard of living
Income distribution
Rate of economic growth
Level of economic development
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of the Peak/Boom phase?
Full Employment
Inflationary Pressure
High Demand
High Unemployment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Relative poverty refers to a state where:
People are facing extreme deprivation and do not have access to the basic necessities.
People whose lifestyle has fallen considerably below the average lifestyle enjoyed by society.
A lack of access to food, water and shelter.
When GDP per capita is below $30 000
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are factors influencing the distribution of income and wealth:
(Select all that apply)
Gender
Winning the Lottery
Migrants and Minority Groups
Occupation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As education increases, average income increases:
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Living standards are often measured by:
The level of material comfort individuals, groups or nations enjoy.
The material success of consumers, businesses and governments.
The set of guidelines outlined by the United Nations for livability.
The measurable indicators in an economy.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During the contraction phase of the business cycle, we would expect:
Inflation to begin to moderate or fall.
Inflationary pressures are combated by rising interest rates.
Inflation rises sharply in response to cost and demand pressures.
Inflation is unchanged by the business cycle.
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