Annalise Watson
Quiz por , criado more than 1 year ago

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

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Annalise Watson
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Economic revision test

Questão 1 de 17

1

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 2 de 17

1

Select the yearly Australian unemployment target rate.

Selecione uma das seguintes:

  • 2-3%

  • 1%

  • 5%

  • 14%

Explicação

Questão 3 de 17

1

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

Selecione uma das seguintes:

  • Because they don't feel like it

  • Because 0% unemployment limits economic growth

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

Explicação

Questão 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.

Arraste e solte para completar o texto.

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

Explicação

Questão 5 de 17

1

Underemployment occurs when someone gets demoted.

Selecione uma das opções:

  • VERDADEIRO
  • FALSO

Explicação

Questão 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.

Selecione uma ou mais das seguintes:

  • 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

Explicação

Questão 7 de 17

1

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

Selecione uma das seguintes:

  • 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

Explicação

Questão 8 de 17

1

which of these is not a form of unemployment

Selecione uma ou mais das seguintes:

  • structural

  • cyclical

  • general

  • physical

  • frictional

Explicação

Questão 9 de 17

3

what are the three basic economic questions

Selecione uma ou mais das seguintes:

  • 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

Explicação

Questão 10 de 17

4

Selecione das listas do Menu para completar o 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 )

Explicação

Questão 11 de 17

1

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

Selecione uma das opções:

  • VERDADEIRO
  • FALSO

Explicação

Questão 12 de 17

1

choose the best reasons as to why economists measure GDP

Selecione uma ou mais das seguintes:

  • 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

Explicação

Questão 13 de 17

1

Selecione da lista do Menu para completar o texto.

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

Explicação

Questão 14 de 17

2

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

Selecione uma ou mais das seguintes:

  • 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

Explicação

Questão 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

Arraste e solte para completar o texto.

    Inflation
    gross domestic product
    ur mum
    general
    highest
    lowest
    ideal

Explicação

Questão 16 de 17

1

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

Selecione uma das opções:

  • VERDADEIRO
  • FALSO

Explicação

Questão 17 de 17

4

Selecione das listas do Menu para completar o 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.

Explicação

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