Economic issues
6.1What the syllabus asks of you
- Business cycle: Main stages of the business cycle, e.g. growth, boom, recession, slump
- Business cycle: Impact on businesses of changes in employment levels, inflation and Gross Domestic Product (GDP)
- How government control over the economy affects business activity and how businesses may respond: Identify government economic objectives, e.g. increasing Gross Domestic Product (GDP)
- How government control over the economy affects business activity and how businesses may respond: Impact of changes in taxes and government spending
- How government control over the economy affects business activity and how businesses may respond: Impact of changes in interest rates
- How government control over the economy affects business activity and how businesses may respond: How businesses might respond to these changes
Read the notes first
Chapter 6: Economic issues
Drill this topic
All 8 questions on Economic issues, untimed — answer on paper, then mark yourself against the mark scheme.
Make a worksheet
Choose the years and how many questions, then print it with the answers on separate pages.
8 questions
These are structured questions, answered in working rather than by picking an option, so they are not listed here one by one. The drill above puts each in front of you with its mark scheme to check against.