Economics Multiple Choice Question – 16 April 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Which of the following defines the term recession?

Select ONE answer:

  1. A fall in the long run rate of economic growth
  2. A sustained fall in the level of government spending
  3. The ongoing erosion of the value of real incomes through inflation
  4. Two successive quarters of falling Gross Domestic Product

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

  1. Could fall without becoming negative (also likely to be short run).
  2. Irrelevant
  3. Irrelevant
  4. Correct: This is the accepted definition of a recession.

 

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