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Oak CitizenshipTest · Citizenship

How does the Government get its money?

The starter and exit quiz of the lesson “How does the Government get its money?”, from the unit “How does the economy work?” (Year 10 Citizenship) by Oak National Academy.

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Oak National Academy

12 questions

  1. Match the terms to their correct definitions.
  2. Which of the following is a sign of a healthy economy?
  3. Fill in the blank: The UK Government takes advice on economic policy from the ___ .
  4. Why might bus services be cut during a recession?
  5. Fill in the blank: One important measure of a country's economic health is its ___, which represents the total value of goods and services produced.
  6. Why does the Government aim to keep inflation low but positive?
  7. What does the Budget show?
  8. Which of the following is **not** a primary way in which the Government raises money?
  9. Which of these industries has been fully privatised in order to raise money for the UK Government?
  10. Why is taxation important for government funding?
  11. Fill in the blank: The Government borrows money by issuing ___, which create national debt that must be repaid with interest.
  12. Match the terms to their correct definitions.

License: OGL