Featured Quizzes
User Quizzes
Create Quiz
Data and Charts
Word Search
Badges and Games
About JetPunk
Message Board
Dark Mode
Economic: Topic 11, Year 2 Definitions - Statistics
General Stats
- This quiz has been taken 2 times
- The average score is 9 of 31
Answer Stats
| Definition | Answer | % Correct |
|---|---|---|
| The reduction of the extent of state or government control over a business activity. | Deregulation | 100%
|
| Refers to the government's manipulation of its expenditure, taxation and the budget balance to manage the economy. | Fiscal Policy | 100%
|
| The trend for many markets to become worldwide in scope. | Globalisation | 100%
|
| The process of turning an idea or invention into a saleable product or a more efficient method of production. | Innovation | 100%
|
| The transfer of state-owned organisations to the private sector, where they are owned by individuals and private firms. | Privatisation | 100%
|
| The total of all past government borrowing that has never been repaid. | The National Debt | 100%
|
| Describes government policies to reduce expenditure and increase revenue from taxation during periods of budget deficits. | Austerity | 50%
|
| Describes spending by the government or its agencies on the provision of goods or services and spending on cash benefits. | Government Expenditure | 50%
|
| Refers to government intervention that seeks to support or develop some industries to enhance economic growth. | Industrial Policy | 50%
|
| Refers to the basic facilities available to society that support economic activity such as transport and communication links. | Infrastructure | 50%
|
| A series of government initiatives intended to raise employment and incomes in less prosperous parts of the UK. | Regional Policy | 50%
|
| A payment that has to be made to the government or other authority by households, firms or other organisations. | Taxation | 50%
|
| Exists when government spending during the financial year exceeds the revenue received from taxation. | A Budget Deficit | 0%
|
| Occurs when receipts from taxation exceed government expenditure over the financial year. | A Budget Surplus | 0%
|
| Arises because of a fundamental imbalance between government receipts and expenditures, rather than short-term factors associated with the economic cycle. | A Structural Budget Surplus or Deficit | 0%
|
| Elements of fiscal policy that occur independently as an economy moves through its economic cycle. | Automatic Stabilisers | 0%
|
| Suggests that high levels of activity by the public sector can reduce the level of private sector activity. | Crowding Out Theories | 0%
|
| Levied on income or wealth such as income tax. | Direct Taxes | 0%
|
| Exists when workers are in the process of moving to a new job. | Frictional Unemployment | 0%
|
| Occurs when workers cannot move freely to take employment in a new location. | Geographic Immobility of Labour | 0%
|
| A situation in which the revenue raised from a tax is ring-fenced for a specific purpose. | Hypothecation | 0%
|
| Paid on spending by firms, households and other organisations. | Indirect Taxes | 0%
|
| Exists when workers cannot transfer easily to employment in a different type of job. | Occupational Immobility of Labout | 0%
|
| Measures the efficiency with which an economy uses its factors of production to produce goods and services. | Productivity | 0%
|
| Takes a higher proportion of taxpayers' incomes as their incomes increase. | Progressive Taxation | 0%
|
| Occurs when firms undertake projects that seek to achieve an advance in science or technology. | Research and Development | 0%
|
| The loss of jobs resulting from the long-term decline of specific industries. | Structural Unemployment | 0%
|
| Intended to increase an economy's productive potential by improving the efficiency with which markets operate. | Supply-side Policies | 0%
|
| The difference between government spending and revenue over the financial year. | The Budget Balance | 0%
|
| The level of unemployment that exists when the labour market is in equilibrium. | The Natural Rate of Unemployment | 0%
|
| Sets out the characteristics of a fair taxation system. | The Principles of Taxation | 0%
|
No matching quizzes found
Score Distribution
Percent of People with Each Score
Percentile by Number Answered
Your Score History
You have not taken this quiz
New and Popular