Economics and Finance 6 0.0 / 5 ? EconomicseconomicsUniversityAQA Created by: dxyzCreated on: 18-05-15 16:45 If the £ depreciates against the US dollar UK exports to the USA become less expensive 1 of 10 Real GDP measures the value of current output when nominal prices are adjusted for inflation 2 of 10 Which is the largest component of Aggregate Demand in the UK consumer spending 3 of 10 Which of the following would NOT lead to an increase in UK output? An increase in demand for Eurozone imports 4 of 10 In the UK recession is technically defined a fall in GDP over two consecutive quarters 5 of 10 Market orientated supply-side policies have involved reducing the marginal rate of tax 6 of 10 Nominal GDP measures the value of current output at current prices 7 of 10 An example of a well know trade-off evident in the economy over the business cycle is rising inflation and falling unemployment 8 of 10 With respect to the circular flow of economic activity, saving a withdrawal or leakage 9 of 10 Which is the most likely cause of inflation labour costs rising above gains in productivity 10 of 10
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