Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

UK Government Economic Policy Quiz
9 Questions
3 Views

UK Government Economic Policy Quiz

Created by
@EngrossingLimit

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the UK government's primary objective in managing economic sustainable growth?

  • To increase the nominal GDP
  • To correct changes in prices
  • To maintain a steady economy
  • To increase real Gross Domestic Product (GDP) (correct)

    • What is the most important tool for maintaining low inflation according to the UK government's economic policy?

  • Monetary policy (correct)
  • Trade policy
  • Fiscal policy
  • Supply-side policy

    • What does full employment represent in the context of the UK government's economic policy?

  • A state where the unemployment rate is 0%
  • A state where everyone who wants a job has one
  • A state where the economy is at full capacity (correct)
  • A state where everyone is satisfied with their job

    • How does the UK government measure economic performance?

    <p>By tracking changes in real GDP</p> Signup and view all the answers

    What does the UK government aim for as a moderate inflation level?

    <p>2%</p> Signup and view all the answers

    What is the primary purpose of fiscal policy?

    <p>To regulate government spending, taxation, and public borrowing</p> Signup and view all the answers

    What type of taxation is collected by intermediaries, such as value-added tax (VAT)?

    <p>Indirect taxation</p> Signup and view all the answers

    What is the relationship between the balance of payments and the current and financial accounts?

    <p>A current account deficit indicates a surplus on the capital/financial account</p> Signup and view all the answers

    What is the primary method of financing the public sector net cash requirement (PSNCR)?

    <p>Issuing government securities or gilts</p> Signup and view all the answers

    More Quizzes Like This

    Government Leaders in The UK and US
    5 questions

    Government Leaders in The UK and US

    SweepingDravite avatar
    SweepingDravite
    UK Government Response During the Great Depression Quiz
    18 questions

    UK Government Response During the Great Depression Quiz

    WellWishersLivermorium avatar
    WellWishersLivermorium
    UK Government and Constitution
    10 questions

    UK Government and Constitution

    SufficientManganese avatar
    SufficientManganese
    UK Government and Devolution
    10 questions

    London Devolution Quiz & Flashcards

    GenialChrysoprase avatar
    GenialChrysoprase
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser