How the Economy works

Quiz about AQA GCSE Economics for Unit 2- How the Economy works. Good luck!

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1. The total value of goods and services produced in a country per annum divided by the population of the country is called what?

  • Consumer trading power
  • GDP
  • GDP per capita
  • Market Strength
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2. GDP of a country is a different value to the total incomes of the population of the country in a year.

  • False
  • True

3. Which of these are not direct causes of Economic Growth?

  • Increased emigration
  • Government Policies
  • Investment
  • Natural Resources

4. Increasing an economy's capacity to produce will always lead to a rise in real GDP.

  • False
  • True

5. What effect of economic growth would be the most likely to mean declining wages for the poor?

  • Inequalities of wealth
  • Environmental costs
  • A rise in welfare
  • Loss of non-renewable resources
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Comments

Simeon Lyons

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some of the answers on here are wrong!

Adam Laughton

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Sorry about that! Can you give me some examples?

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