Theme 4 AO2

Question 1

The UK government spend £50mil on a new hospital. What type of expenditure is this?

Answer 1

Capital expenditure.

Question 2

The UK government must continuously pay for the energy bills to give a hospital power. What kind of expenditure is this?

Answer 2

This is current expenditure.

Question 3

The government increase JSA by 2%. What type of payment is this?

Answer 3

A transfer payment.

Question 4

What type of regional trade agreement in NAFTA?

Answer 4

A Free trade area (FTA).

Question 5

What type of regional trade agreement is ASEAN?

Answer 5

A free trade area (FTA)

Question 6

What type of regional trade agreement is the EU?

Answer 6

A customs union.

Question 7

Name 3 examples of global shocks.

Answer 7

Pandemics, Financial crises, Natural disasters.

Question 8

What % of UK exports go to the EU?

Answer 8

46%

Question 9

What % of UK imports come from the EU?

Answer 9

53%

Question 10

What % of UK exports go to China?

Answer 10

3.6%

Question 11

What % of UK imports come from China?

Answer 11

13%