Trends in macroeconomic indicators (OCR A-Level Economics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
ShowHide
Practise the questions
12 questions from this quiz
What monthly rate often defines hyperinflation?
What monthly rate often defines hyperinflation?
Exceeding 50% per month
What defines unemployment?
What defines unemployment?
Without job, seeking work, available
What happened to UK economic growth during 2008-2009?
What happened to UK economic growth during 2008-2009?
Sharp contraction occurred
In which year did COVID-19 cause a significant UK economic downturn?
In which year did COVID-19 cause a significant UK economic downturn?
2020
What is the Bank of England's inflation target rate?
What is the Bank of England's inflation target rate?
2%
What caused UK inflation to peak in 2011?
What caused UK inflation to peak in 2011?
Rising commodity prices
What caused UK inflation to surge in 2021-2022?
What caused UK inflation to surge in 2021-2022?
Supply chain issues & energy costs
What level did UK unemployment reach before the pandemic?
What level did UK unemployment reach before the pandemic?
Historically low levels
What caused increased government debt after the 2008 financial crisis?
What caused increased government debt after the 2008 financial crisis?
Stimulus measures & lower tax revenue
In which decade did the UK implement austerity measures?
In which decade did the UK implement austerity measures?
2010s
What has characterised the UK's trade balance over the past 20 years?
What has characterised the UK's trade balance over the past 20 years?
Persistent current account deficits
What term describes the UK's weak productivity growth issue?
What term describes the UK's weak productivity growth issue?
Productivity puzzle