What is the primary focus of the economic strand in PESTLE analysis?
Understanding GDP and the Business Cycle in the Wider Economic Environment

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Legal regulations affecting businesses
Technological advancements
Cultural influences on business
The impact of the economy on business performance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is GDP defined in the context of economic analysis?
The total value of all goods produced in a country
The total exports of a country
The total income of all citizens in a country
The value of all final goods and services produced within a country over a given time period
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does positive economic growth indicate about an economy?
Living standards are falling
The economy is healthy and expanding
Consumer confidence is decreasing
The economy is shrinking
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which stage of the business cycle is characterized by high economic growth and potential inflation?
Recovery
Recession
Boom
Slump
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a recession technically defined as?
A period of high inflation
A period of negative economic growth for two successive quarters
A period of stable economic growth
A period of rapid economic expansion
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During which historical period did the UK experience a significant recession due to a three-day work week?
Early 1990s
Early 1980s
Early 2000s
Early 1970s
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major event in 2008 led to a global economic recession?
The housing market boom
The oil crisis
The global financial crisis
The dot-com bubble burst
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