Quiz
Economic revision test
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Perguntas do quiz (17)
1The unemployment [blank_start]rate[blank_end] is the [blank_start]percentage[blank_end] of Australians who are above the age of [blank_start]15[blank_end], and are able and [blank_start]willing[blank_end] to begin working but are not.
- Apercentage
- B15
- Cwilling
- Drate
2Select the yearly Australian unemployment target rate.
- A2-3%
- B1%
- C5%
- D14%
3Choose the best reason as to why the target unemployment rate is not 0%
- ABecause they don't feel like it
- BBecause 0% unemployment limits economic growth
- CBecause some people like not working and we should respect that
4[blank_start]Cyclical[blank_end] unemployment occurs during [blank_start]downturns[blank_end] of the business cycle, when workers lose their employment positions because of these [blank_start]losses[blank_end]. An example of this would be when waiters or steel workers get [blank_start]fired[blank_end] due to a [blank_start]recession[blank_end] in sales.
- ACyclical
- BFrictional
- CSeasonal
- DGeneral
- Edownturns
- Fupturns
- Gsuccesses
- Hlosses
- Igainz
- Jsuccessful times
- Krecession
- Lincrease
- Mlarge increase
- Nfired
- Opromoted
- Pengaged
5Underemployment occurs when someone gets demoted.
- AVerdadeiro
- BFalso
6Choose the best reason as to why the underemployment rate might be higher than the unemployment rate at any one point in time.
- APeople like working to be busy and it gives them a sense of purpose
- BPeople need to earn money to survive, so will be employed regardless of whether their job is using their skills the best
- CIt sounds better to say that you have a job, rather than being unemployed until you find a job that best uses your skills
- DSOCIETAL PRESSURE
7What is the best reason that could explain the yOuTH uNEmPLoYmEnT cRiSiS (there's two answers)
- Ayoung people cbb to contribute to society in a positive way bc these damn millennials are so entitled
- Bwe're all just lazy
- Cmany entry-level jobs have been automated and replaced the need for inexperienced people to complete them
- Dwhy work wHeN nEtfLIX eXisTs
- Ewifi
duh
8which of these is not a form of unemployment
- Astructural
- Bcyclical
- Cgeneral
- Dphysical
- Efrictional
9what are the three basic economic questions
- Awho buys the things
- Bwhat is the thing
- Chow do we make the things
- Dwhy do we make the things
- Ehow much is the thing going to cost
10a list of the economic systems, in order of where the government has the most control - least control: [blank_start]planned socialist[blank_end], planned capitalist, [blank_start]market socialist[blank_end], [blank_start]market capitalist[blank_end], [blank_start]subsistence[blank_end]
- Aplanned socialist
- Bmarket socialist
- Csubsistence
- Dmarket socialist
- Eplanned socialist
- Fmarket capitalist
- Gmarket capitalist
- Hplanned socialist
- Isubsistence
- Jmarket socialist
- Ksubsistence
- Lplanned socialist
- Mplanned capitalist
11planned capitalist has the most government intervention of all the economic systems
- AVerdadeiro
- BFalso
12choose the best reasons as to why economists measure GDP
- Abecause they're bored and it sounds cool
- Bbecause they want to monitor the growth output of an economy over a period of time
- Ceconomists measure GDP because it is a good indicator of how a government is controlling their economy
13the annual Australian GDP target is [blank_start]2-3[blank_end]%
- A2-3
- B2-4
- C5
- D4
14identify two limitations to using GDP as a measure of economic progress in australia
- Adebts don't count toward GDP
- Bfeeeeeeellliiiinnnggsssss don't count
- Cthere are better, more inclusive ways to measure economic progress instead of GDP
- DGDP sucks
15[blank_start]Inflation[blank_end] is the rate at which the [blank_start]general[blank_end] level of prices for goods and services increases. It is the sustained increase in price level
- AInflation
- Bgross domestic product
- Cur mum
- Dgeneral
- Ehighest
- Flowest
- Gideal
16The target inflation rate in australia is 2-3% yearly
- AVerdadeiro
- BFalso
17CPI stands for [blank_start]Consumer Price Index[blank_end], and measures the general rate at which prices increase. DFD stands for [blank_start]Domestic Final Demand[blank_end] and measures the same as CPI, however more specific to [blank_start]governments[blank_end] and businesses. CPI is specific to [blank_start]household[blank_end] expenditure.
- AConsumer Price Index
- BCurrent Pineapple Interest
- CCurrency Preventing Investment
- DDomestic Final Demand
- EDomestic First Demand
- FDemand First Die
- Ggovernments
- Hconsumers
- Ihousehold
- Japartment
- Kfamily
Informações
- Descrição
- a quiz made for year 9 economics, based on the revision booklet but not centred around it
- Autor
- Annalise Watson
- Idioma
- English
- Visualizações
- 107
- Etiquetas
- Avaliação
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