Understanding the economy: Is Government Action led by the UK Economy?
Understanding the economy: Is Government Action led by the UK Economy?
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Key learning points
- In this lesson, we will gain an understanding of what the economy is. We will then explore the key differences between a healthy and recessive economy.
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5 Questions
Q1.
Which institution advises the UK Government regarding the health of the economy?
The Bank of Ireland
The Court of Appeal
The Official opposition
Q2.
What is an unhealthy economy defined as?
Backwards
Poorly
Unhappy
Q3.
In a healthy economy, which one of the following would not generally occur?
Businesses can grow
Nurses and teachers receive a pay rise
State pension payments can be increased
Q4.
Which member of the Cabinet, with the help of the Treasury, is the key financial adviser for the Prime Minister?
Secretary of State for Defence
Secretary of State for Education
Secretary of State for Health and Social Care
Q5.
Which of the following statements best describes the relationship between economic changes and Government policies?
Government policy is driven solely by the Department for Transport
The economy dictates every policy the Government adopts
The economy plays no part in driving the actions of Government