VCE Economics Unit 2 AOS 1

Business confidence means

What part of AD is is impacted if David spends money while travelling in China?

What is the main item the government spends money on?

Which statistic provides the best measure of improvements in material living standards?

Productivity improvements most impact

Which is not a leakage

What statistic provides the best measure of material living standards

Which initiative in the budget tries to target an increase in Consumption

A source of government income is

What is an implication of lower interest rates?

Strong growth in China impacts which part of AD

Which of the following is not part of the circular flow of income in an economy?

Economic growth refers to changes in the total

Which of the following factors is most likely to decrease economic growth?

What is most likely to happen if the Australian dollar decreases

Which of the following is not a leakage from the circular flow model of the economy?

Which of the following measures is not designed to improve environmental outcomes?

The largest contributor to AD (GDP) is...

Which of the following is both a demand & supply factor influencing economic growth?

The difference between nominal and real value is accounted for by

During a peak (boom) in the business cycle, which of the following economic conditions apply?

If injections are greater than leakages

Which of the following would NOT worsen non-material living standards?

If economic growth increases, material living standards may still fall if ...

Which of the following is not an injection into the circular flow model of the economy?