Column 1 is a list of business terms - Leaving Cert Business - Question 1 - 2022
Question 1
Column 1 is a list of business terms.
Column 2 is a list of possible explanations for these terms.
(One explanation does not refer to any of these terms.)
Column 1:... show full transcript
Worked Solution & Example Answer:Column 1 is a list of business terms - Leaving Cert Business - Question 1 - 2022
Step 1
5. Unemployment Rate
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
E. Measures the value of goods and services produced in a country.
Step 2
1. Gross Domestic Product
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
A. A decrease in the demand for goods and services in an economy for two consecutive quarters.
Step 3
4. Exchange Rate
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
B. The price of one currency expressed in terms of another currency.
Step 4
3. Interest Rate
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
D. The cost of borrowing money from a financial institution.
Step 5
2. Economic Recession
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
F. The percentage of people out of work but actively seeking employment.
Join the Leaving Cert students using SimpleStudy...
