Demand
Supply
Circular flow charts
Inflation
GDP
100

Which letter represents demand?

'D'

100

Which way do the supply line face on-demand5 and supply chart?

Upwards

100

The 2 central sectors are household and?

Firms

100

Hyper inflation causes the value of the currency to...

Decrease

100

GDP is

Gross Domestic product

200

which way does the demand line point

Down

200

Supply is controlled by

Producers

200

Savings, taxation and imports are all examples of?

Leakages

200

A fall in the average price level of an economy

Deflation

200

GDP per capita is defined as

a measure of the economic output of a nation per person.

300

Does demand represent consumers or producers?

Consumers

300

Supply relies on

The producers

300

Injections include:

Investments, Government Spending, Exports

300

When countries print money to artificially inflate their value it?

devalues the currency.

300

How is GDP measured

All money spent by consumers, businesses, and government

400

Two goods for which an increase in the price of one reduces the demand for the other...

Complements

400

Supply is changed and affected as a result of

The consumer's willingness to buy

400

Imports and exports can

Bring money in and out of the country.



400

A type of inflation caused due to a rise in the cost of production.

Costpush

400

A recession is

An economic cycle contraction in which there is a general decline in economic activity.

500

Which way would a demand line move during a shift in the chart?

Right

500

A movement in the supply curve will occur when

The price of the good changes and the quantity supplied changes by the original supply relationship

500

If a household puts money into savings, where will the money go?

Into banks, then taken out as investments for firms, leaking back into households.

500

A type of cost-push inflation caused due to demand for higher wages.

Wage-push inflation

500

How do we use GDP to measure the success of a country's economy

by representing the value of all goods and services produced over a time period within a country's borders