Economics Quiz

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Measure of how wealthy a country is
GDP
1 of 11
When the GDP has risen for two consecutive quarters it is called
Economic Growth
2 of 11
When GDP fall is it called
Economic Downturn
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Loans not paid back are called
Toxic Loans
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Less money available in the economy is called
Credit Crunch
5 of 11
When a business becomes insolvent it is placed in what
Administration
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What controls the Interest Rates in the UK?
Bank of England
7 of 11
The rate of interest that banks charge businesses for borrowing money is called what?
Business Rate
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A general increase in prices and fall in the purchasing value of money is called what?
Inflation
9 of 11
To bring in from a foreign country or other source is what?
Import
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To send or transport abroad is what?
Export
11 of 11

Other cards in this set

Card 2

Front

When the GDP has risen for two consecutive quarters it is called

Back

Economic Growth

Card 3

Front

When GDP fall is it called

Back

Preview of the front of card 3

Card 4

Front

Loans not paid back are called

Back

Preview of the front of card 4

Card 5

Front

Less money available in the economy is called

Back

Preview of the front of card 5
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