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6. Which of these is a measure of unemployment used by the government?

  • British Jobs League
  • Claimant Count
  • National Employment Register
  • Labor Census

7. Which of these is not a type or cause of unemployment?

  • Political
  • Voluntary
  • Frictional
  • Structural

8. Which of these is not one of the four main macro-economic objectives of the government?

  • Achieving price stability
  • Keeping a strong defence sector
  • Maintaining full employment
  • Economic growth

9. Which one of these is a main policy used by the government to achieve its macro-economic aims?

  • Supply-side
  • Production
  • Congestion
  • Corporation

10. When balancing imports and exports, the value of imports and exports must be the same as one another each year.

  • False
  • True

11. Which cause of inflation could be caused directly by workers or trade unions?

  • Consumer-gain
  • Wage-price Spiral
  • Cost-push
  • Demand-pull

12. The Consumer Price Index is the official measure of the rate of inflation.

  • True
  • False

13. Which country can be seen as an example of the risk of hyperinflation in the 21st Century?

  • Zimbabwe
  • Italy
  • Germany
  • Greece

14. If prices of production are not stable, firms will spend more time 'shopping around' for more reasonable prices. This is known as what?

  • Inflated Market Costs
  • Opportunity Costs
  • Shoe Leather Costs
  • Menu Costs

15. Balance of payments problems are more likely to occur when the rate of inflation of a country is higher than another one with which they trade.

  • True
  • False

16. The main source of money into the UK Economy is which tax?

  • National Insurance
  • Income
  • VAT
  • Corporation

17. The majority of spending in the UK budget goes into what?

  • Health
  • Social Protection
  • Education
  • Debt Interest

18. Which one of these four items is exempt from Excise Duties?

  • Alcohol
  • Diamonds
  • Petrol
  • Tobacco

19. Taxpayers have the choice whether to pay indirect taxes or not.

  • True
  • False

20. If a tax on a person is the same no matter what income they make, what is the name of that type of tax?

  • Equilibrium
  • Proportional
  • Progressive
  • Regressive