Economics Multiple Choice Question – 27 July 2019

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

What is a recession?

Select ONE answer:

  1. a decrease in a current account deficit over a sustained period
  2. a decrease in the price of the currency over a sustained period
  3. a decrease in the price level over a sustained period
  4. a decrease in the real gross domestic product over a sustained period

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. This is no specific term for a reduction in a current account deficit.
  2. This is depreciation or devaluation.
  3. This is deflation.
  4. Correct: A recession is a fall in the country’s output over a period of six months or more.

 

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