Question 1
What is not likely to be included in a government budget?
A
anticipated tax revenue
B
changes in exchange rates
C
forecast government borrowing
D
proposed government spending
Question 2
[Maximum number: 1]
What is the money supply?
A
the total quantity of foreign currency available within the economy
B
the total quantity of money available within the economy
C
the total quantity of money issued by the central bank
D
the total quantity of money within commercial banks
B
Question 3
[Maximum number: 1]
What is the definition of economic growth?
A
It is an increase in the general level of prices over time.
B
It is an increase in the level of a nation's output over time.
C
It is an increase in the level of total demand over time.
D
It is an increase in wages, interest, profits and rent over time.
B
Question 4
[Maximum number: 1]
What are the correct definitions of unemployment and employment relative to the number of people of working age?
unemployment
employment
those who want a job but cannot
get one at the current wage rate
those who are not in
full-time education
those who want a job but cannot
get one at the current wage rate
those who have a job
at the current wage rate
those without a job
those who are not in
full-time education
those without a job
those who have a job at
the current wage rate
B
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