Annalise Watson
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a quiz made for year 9 economics, based on the revision booklet but not centred around it

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Annalise Watson
Erstellt von Annalise Watson vor etwa 6 Jahre
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Economic revision test

Frage 1 von 17

1

Fülle die Lücken, um den Text zu vervollständigen.

The unemployment is the of Australians who are above the age of , and are able and to begin working but are not.

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Frage 2 von 17

1

Select the yearly Australian unemployment target rate.

Wähle eine der folgenden:

  • 2-3%

  • 1%

  • 5%

  • 14%

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Frage 3 von 17

1

Choose the best reason as to why the target unemployment rate is not 0%

Wähle eine der folgenden:

  • Because they don't feel like it

  • Because 0% unemployment limits economic growth

  • Because some people like not working and we should respect that

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Frage 4 von 17

5

unemployment occurs during of the business cycle, when workers lose their employment positions because of these . An example of this would be when waiters or steel workers get due to a in sales.

Klicke und ziehe, um den Text zu vervollständigen.

    Cyclical
    Frictional
    Seasonal
    General
    downturns
    upturns
    successes
    losses
    gainz
    successful times
    recession
    increase
    large increase
    fired
    promoted
    engaged

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Frage 5 von 17

1

Underemployment occurs when someone gets demoted.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 6 von 17

1

Choose the best reason as to why the underemployment rate might be higher than the unemployment rate at any one point in time.

Wähle eine oder mehr der folgenden:

  • People like working to be busy and it gives them a sense of purpose

  • People need to earn money to survive, so will be employed regardless of whether their job is using their skills the best

  • It sounds better to say that you have a job, rather than being unemployed until you find a job that best uses your skills

  • SOCIETAL PRESSURE

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Frage 7 von 17

1

What is the best reason that could explain the yOuTH uNEmPLoYmEnT cRiSiS (there's two answers)

Wähle eine der folgenden:

  • young people cbb to contribute to society in a positive way bc these damn millennials are so entitled

  • we're all just lazy

  • many entry-level jobs have been automated and replaced the need for inexperienced people to complete them

  • why work wHeN nEtfLIX eXisTs

  • wifi
    duh

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Frage 8 von 17

1

which of these is not a form of unemployment

Wähle eine oder mehr der folgenden:

  • structural

  • cyclical

  • general

  • physical

  • frictional

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Frage 9 von 17

3

what are the three basic economic questions

Wähle eine oder mehr der folgenden:

  • who buys the things

  • what is the thing

  • how do we make the things

  • why do we make the things

  • how much is the thing going to cost

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Frage 10 von 17

4

Wähle von der Dropdown-Liste, um den Text zu vervollständigen.

a list of the economic systems, in order of where the government has the most control - least control: ( planned socialist, market socialist, subsistence ), planned capitalist, ( market socialist, planned socialist, market capitalist ), ( market capitalist, planned socialist, subsistence, market socialist ), ( subsistence, planned socialist, planned capitalist )

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Frage 11 von 17

1

planned capitalist has the most government intervention of all the economic systems

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 12 von 17

1

choose the best reasons as to why economists measure GDP

Wähle eine oder mehr der folgenden:

  • because they're bored and it sounds cool

  • because they want to monitor the growth output of an economy over a period of time

  • economists measure GDP because it is a good indicator of how a government is controlling their economy

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Frage 13 von 17

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

the annual Australian GDP target is ( 2-3, 2-4, 5, 4 )%

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Frage 14 von 17

2

identify two limitations to using GDP as a measure of economic progress in australia

Wähle eine oder mehr der folgenden:

  • debts don't count toward GDP

  • feeeeeeellliiiinnnggsssss don't count

  • there are better, more inclusive ways to measure economic progress instead of GDP

  • GDP sucks

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Frage 15 von 17

2

is the rate at which the level of prices for goods and services increases. It is the sustained increase in price level

Klicke und ziehe, um den Text zu vervollständigen.

    Inflation
    gross domestic product
    ur mum
    general
    highest
    lowest
    ideal

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Frage 16 von 17

1

The target inflation rate in australia is 2-3% yearly

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 17 von 17

4

Wähle von der Dropdown-Liste, um den Text zu vervollständigen.

CPI stands for ( Consumer Price Index, Current Pineapple Interest, Currency Preventing Investment ), and measures the general rate at which prices increase. DFD stands for ( Domestic Final Demand, Domestic First Demand, Demand First Die ) and measures the same as CPI, however more specific to ( governments, consumers ) and businesses. CPI is specific to ( household, apartment, family ) expenditure.

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