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CAIE IGCSE Economics 4.5.4 Causes and Consequences of Recession Questions

Practise Cambridge IGCSE Economics by identifying recession causes, interpreting real-GDP evidence and explaining effects on jobs, tax revenue and living standards.

Syllabus
2027–2029
Course
Economics 0455

Exam points

  • Identify causes of recession, such as falling demand, reduced investment, higher interest rates, government spending cuts or external shocks.
  • Explain how recession affects real GDP, employment, tax revenue, living standards and business activity.
  • Use real-GDP data or context to identify a recession and evaluate its consequences for an economy.

CAIE IGCSE Economics 4.5.4 Causes and Consequences of Recession Questions question 1

[Maximum number: 1]

Brazil's real GDP fell by 3.8% in a year.
What might have caused this?

A

a decrease in imports

B

a decrease in income tax

C

an increase in interest rates

D

an increase in output per worker

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