Unit 1 Topic 2

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Which policy or policies, if any, do governments employ to achieve their long-term economic objectives?

2 / 7

What does gross domestic product (GDP) represent? A measure of the value of:

3 / 7

What is the target range of inflation that the government is hoping to achieve as measured by the Consumer Price Index?

4 / 7

Within the UK's regulatory framework for the financial services industry, which entity has assumed the responsibilities of the third tier?

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Which index does the government use to assess the inflation rate?

6 / 7

Under what circumstances, if any, can a nation state opt out of a regulation laid down by the European Council and Council of Ministers?

7 / 7

The European Union has issued a new DIRECTIVE. This means that each member state:

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