Economics and Finance 6

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  • Created by: dxyz
  • Created on: 18-05-15 16:45
If the £ depreciates against the US dollar
UK exports to the USA become less expensive
1 of 10
Real GDP measures the value of current output when
nominal prices are adjusted for inflation
2 of 10
Which is the largest component of Aggregate Demand in the UK
consumer spending
3 of 10
Which of the following would NOT lead to an increase in UK output?
An increase in demand for Eurozone imports
4 of 10
In the UK recession is technically defined
a fall in GDP over two consecutive quarters
5 of 10
Market orientated supply-side policies have involved
reducing the marginal rate of tax
6 of 10
Nominal GDP measures the value of current
output at current prices
7 of 10
An example of a well know trade-off evident in the economy over the business cycle is
rising inflation and falling unemployment
8 of 10
With respect to the circular flow of economic activity, saving
a withdrawal or leakage
9 of 10
Which is the most likely cause of inflation
labour costs rising above gains in productivity
10 of 10

Other cards in this set

Card 2

Front

Real GDP measures the value of current output when

Back

nominal prices are adjusted for inflation

Card 3

Front

Which is the largest component of Aggregate Demand in the UK

Back

Preview of the front of card 3

Card 4

Front

Which of the following would NOT lead to an increase in UK output?

Back

Preview of the front of card 4

Card 5

Front

In the UK recession is technically defined

Back

Preview of the front of card 5
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