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IGCSE Economics Revision

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IGCSE Economics Revision

Unscramble Letters

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About this activity

Unscramble key economic concepts.

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IGCSE Economics Revision
 

Unscramble Letters

IGCSE Economics RevisionOnline version

Unscramble key economic concepts.

by Charline Bolito
1

The quantity of goods and services consumers are willing to buy at various prices in a market.

2

The total amount producers are willing to offer at each price in a market.

3

A situation where the market price balances buyers' and sellers' plans at a specific price.

4

A measure of how much quantity responds to a change in price.

5

The next best alternative forgone when choosing one option over another.

  
  
6

A sustained rise in the general price level over time.

7

The total value of all final goods and services produced within a country's borders in a period.

8

When a government's expenditures exceed its revenues in a given period.

  
  
9

Government spending and taxation decisions to influence economic activity, growth, and employment.

  
  
10

Central bank actions to control money supply and interest rates to stabilise prices and output.

  
  
11

The cost of borrowing or reward for saving, set by financial institutions and influenced by policy.

  
  
12

Policies aimed at increasing productive capacity and efficiency, boosting long-term economic potential.

  
  
13

The number of people living in a country, affecting demand and the available workforce.

14

Compulsory charges on income, profits, or consumption to fund public services and influence choices.

15

Movement of people into a country to live or work, affecting the labour force and demographics.

16

People leaving a country to live elsewhere, impacting the domestic labour supply and skills.

17

The market value of all final goods and services produced domestically in a period.

18

Total income earned by residents and businesses of a country, including earnings from abroad.

19

GDP adjusted for inflation to reflect the true volume of production over time.

  
  
20

GDP measured at current market prices, not adjusted for inflation.

  
  
21

Increase in a country’s output or income over time.

  
  
22

Improvement in living standards, health, education, and economic opportunities.

  
  
23

Level of material well-being and quality of life in a country.

     
  
  
24

Total planned spending on goods and services in an economy at a given price level.

  
  
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