Category: Economics

What does a population pyramid of a country show?

Select ONE answer:

1. its age and sex distribution
2. its employment pattern
3. its income distribution
4. its migration pattern

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

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

What is meant by an optimum population for a country?

Select ONE answer:

1. a population that balances its birth rate and its death rate
2. a population that maximises output per head
3. a population that results in fewest negative externalities
4. a population that uses all resources available

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

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

The table shows unemployment and inflation statistics for the US, Japan and Sweden for year 1 and year 2.

Select ONE answer:

1. In year 1, the cost of living rose in the US.
2. In year 1, the same number of people were unemployed in Sweden and Japan.
3. The number of unemployed people decreased in all three countries.
4. Unemployment and inflation moved in the same direction in Japan.

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

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

In the construction of a consumer prices index (CPI), a total weight of 1000 is used.

If a weight of 300 is given to food and a weight of 150 is given to transport, then…

Select ONE answer:

1. consumers are spending half as much on transport as they do on food.
2. consumers must be spending more on necessities than on luxury goods.
3. food prices must be rising twice as fast as transport prices.
4. the weights cannot be changed until the index reaches 1000.

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

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

The managers of a firm have to discuss the following topics.

Which topic is least likely to be directly affected by the government’s influence on the firm?

Select ONE answer:

1. health and safety laws
2. replacing one of its managers
3. the interest it pays on borrowed money
4. the minimum wage it must pay its workers

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

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.