International Competitiveness and Productivity (Edexcel A-Level Economics A): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the nominal exchange rate?
What is the nominal exchange rate?
Rate without adjustment for prices
Real exchange rate in 2017: Nominal = , UK prices = , Eurozone = . Calculate it.
Real exchange rate in 2017: Nominal = , UK prices = , Eurozone = . Calculate it.
Which factor does NOT affect demand for UK exports according to the note?
Which factor does NOT affect demand for UK exports according to the note?
UK government spending levels
What does labour productivity measure?
What does labour productivity measure?
Output per worker or per hour worked
UK productivity is approximately what percentage of USA productivity?
UK productivity is approximately what percentage of USA productivity?
83%
When did the sterling effective exchange rate experience significant falls?
When did the sterling effective exchange rate experience significant falls?
2008 and 2016
What do unit labour costs measure?
What do unit labour costs measure?
Average cost of labour per unit output
What happened to multifactor productivity during the 2008/09 financial crisis?
What happened to multifactor productivity during the 2008/09 financial crisis?
All except USA experienced sudden fall
What is a key factor behind the UK's productivity gap?
What is a key factor behind the UK's productivity gap?
Poor dissemination of best practices
How does the UK fund a current account deficit?
How does the UK fund a current account deficit?
By selling financial assets overseas