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SQA National 5 Economics UK Economic Activity overview quiz quiz

15questions. Pick an answer and you'll see why right away.

  1. Which of the following is a direct tax?

  2. An indirect tax is best described as:

  3. Building a new hospital is an example of which type of government spending?

  4. Which of the following is a transfer payment?

  5. In the circular flow of income, taxation is best described as:

  6. Inflation is best defined as:

  7. Inflation in the UK is measured using the:

  8. Inflation caused by rising production costs, such as higher oil prices, is called:

  9. Which group is most likely to be harmed by high inflation?

  10. Unemployment caused by a downturn or recession in the economy is called:

  11. Economic growth is measured by the change in:

  12. Which of these is an effect of high unemployment on government finances?

  13. North Sea oil extraction belongs to which sector of industry?

  14. Whisky distilling in Scotland is an example of which sector?

  15. A benefit of specialisation for the Scottish economy is that it: