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Yr 8 Economics Quiz

Select the Definition that corresponds to the displayed Term.
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1. Responsibilities




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2. Demand




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3. Public Sector




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4. Rights




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5. Supply




Select the Term that corresponds to the displayed Definition.
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6. The long-run pattern of economic growth and recession.




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7. Gross domestic product, a measure of economic activity in a country. It is calculated by adding the total value of a country's annual output of goods and services.




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8. Paying for goods or services with other goods or services, instead of with money.




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9. The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled




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10. A person who pays for goods or services





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