Featured Quizzes
User Quizzes
Create Quiz
Data and Charts
Badges and Games
About JetPunk
JetPunk Shop
Dark Mode
Statistics for Economics: Topic 6, Year 1 Definitions
Click here to take the quiz!
General Stats
- This quiz has been taken 26 times
- The average score is 7 of 15
Answer Stats
| Definition | Answer | % Correct |
|---|---|---|
| The rate of increase of the general price level and the corresponding fall in the value of money. | Inflation | 100%
|
| The value of all goods and services produced within an economy over a given period of time. | Gross Domestic Product | 88%
|
| A decline in the level of economic activity that occurs over a six-month period or longer. | Recession | 88%
|
| GDP data adjusted to remove the effects of inflation. | Real Gross Domestic Product | 75%
|
| The part of economics that is concerned with data, decisions, performance, policies and objectives that relate to the whole economy. | Macroeconomics | 63%
|
| Exists when people are seeking work but are unable to find it. | Unemployment | 63%
|
| Occurs when, over time, an economy expands its capacity to produce goods and services. | Economic Growth | 50%
|
| Records transactions between UK residents and the rest of the world. | Balance of Payments | 38%
|
| Measures how a nation's total income is spread between that country's inhabitants. | Distribution of Income | 25%
|
| A means of measuring changes in data over time by relating changes to a base year that is given the value of 100. | Index Numbers | 25%
|
| Measures the average income per person in a country after allowing for the effects of inflation. | Real Gross Domestic Product per Capita | 25%
|
| Records transactions in goods and services between UK residents and the rest of the world. | Current Account | 13%
|
| Measures the value of all goods and services that are produced in an economy over a given period of time, using their price at the time of production. Thus it does not exclude the effects of inflation on the value of output. | Nominal Gross Domestic Product | 13%
|
| Refers to people who are not in employment and who are not actively looking for work. | Economic Inactivity | 0%
|
| Shows the average change in a large number of variables and this average reflects the importance or weight of its various components. | Weighted Index Numbers | 0%
|
No matching quizzes found
Score Distribution
Percentile by Number Answered
Percent of People with Each Score
New and Popular
Save Your Progress
Copyright H Brothers Inc, 2008–2024
Contact Us | Go To Top | View Mobile Site