Theme 2  Edexcel Economics

Theme 2 Edexcel Economics

32 Qs

quiz-placeholder

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Theme 2  Edexcel Economics

Theme 2 Edexcel Economics

Assessment

Quiz

others

Medium

Created by

Oana Vulpe

Used 80+ times

FREE Resource

32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does GDP measure
inflation
unemployment
output
international transactions

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

real figures
are adjusted to include inflation
is the raw data collected
are adjusted to remove the effects of inflation
are nominal figures

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

GDP is a measure of

volume

revenue

value

profits

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

problems using GDP to measure living standards include all except...
exchange rate
informal economy
distribution of income
regional variations

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Deflation is...
a fall in the rate of inflation
prices rising at a slower rate
average price level falling
increase in the average price level

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is officially used to measure inflation

Consumer price index

ILO

Claimant count

Retail price index

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Inflation can be caused by all except
export led growth
decrease in SRAS
increase in AD
increase in LRAS

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