Business English Quiz

What does GDP stand for?

• Gross Domestic Product

• General Domestic Product

• Gross Development Product

• Global Development Plan

What does 'fiscal' relate to?

• Cultural events

• Sports activities

• Weather patterns

• Financial matters

How long is a quarter in business terms?

• Three months

• Two months

• One month

• Four months

What is a budget?

• A financial report

• A plan for spending money

• A tax form

• A type of currency

What does a surplus mean?

• Losing money

• Breaking even financially

• Having more money than needed

• Having less money than needed

What is inflation?

• When the economy grows

• When prices go down

• When prices go up

• When wages increase

What does stagnation mean?

• No movement in the economy

• High inflation

• A sudden drop in prices

• Rapid growth

What is a recession?

• A period of economic growth

• A decline in the economy

• A stable economy

• A time of high employment

What does credit refer to?

• The ability to borrow money

• A type of investment

• A financial loss

• A tax deduction

What is a bubble in economic terms?

• A decrease in demand

• A type of financial report

• A sudden increase in prices

• A stable market condition