Year 10 Economics - Wk 4

Year 10 Economics - Wk 4

10th Grade

10 Qs

quiz-placeholder

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Year 10 Economics - Wk 4

Year 10 Economics - Wk 4

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

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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