Year 11 Economics Revision Quiz Flashcards

1

Which of the following would have the most inelastic demand?

2

What is the current unemployment rate in Australia?

3

What is Australia's current annual GDP growth rate?

4

Which of the following would have the most elastic supply?

5

Which of the following would cause a contraction in supply of oranges?

6

Which of the following would lead to an increase in demand for gas heaters?

7

Which of the following does not affect elasticity of demand?

8

Which of the following would definitely result in an increase in the price of a good?

9

If Mary recieves a pay rise of $20 per week and spends $16 of this, what is her MPC?

10

Which of these is experienced during the upswing phase of the business cycle?

Year 11 Economics Revision Quiz