Annalise Watson
Test por , creado hace más de 1 año

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

44
0
0
Annalise Watson
Creado por Annalise Watson hace alrededor de 6 años
Cerrar

Economic revision test

Pregunta 1 de 17

1

Rellena los espacios en blanco para completar el texto.

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

Explicación

Pregunta 2 de 17

1

Select the yearly Australian unemployment target rate.

Selecciona una de las siguientes respuestas posibles:

  • 2-3%

  • 1%

  • 5%

  • 14%

Explicación

Pregunta 3 de 17

1

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

Selecciona una de las siguientes respuestas posibles:

  • Because they don't feel like it

  • Because 0% unemployment limits economic growth

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

Explicación

Pregunta 4 de 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.

Arrastra y suelta para completar el texto.

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

Explicación

Pregunta 5 de 17

1

Underemployment occurs when someone gets demoted.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 6 de 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.

Selecciona una o más de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 7 de 17

1

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

Selecciona una de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 8 de 17

1

which of these is not a form of unemployment

Selecciona una o más de las siguientes respuestas posibles:

  • structural

  • cyclical

  • general

  • physical

  • frictional

Explicación

Pregunta 9 de 17

3

what are the three basic economic questions

Selecciona una o más de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 10 de 17

4

Selecciona la opción correcta de los menús desplegables para completar el texto.

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 )

Explicación

Pregunta 11 de 17

1

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

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 12 de 17

1

choose the best reasons as to why economists measure GDP

Selecciona una o más de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 13 de 17

1

Selecciona la opción correcta del menú desplegable para completar el texto.

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

Explicación

Pregunta 14 de 17

2

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

Selecciona una o más de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 15 de 17

2

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

Arrastra y suelta para completar el texto.

    Inflation
    gross domestic product
    ur mum
    general
    highest
    lowest
    ideal

Explicación

Pregunta 16 de 17

1

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

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 17 de 17

4

Selecciona la opción correcta de los menús desplegables para completar el texto.

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.

Explicación

Anterior
Siguiente