Tomorrow you will have a multiple choice exam on everything you have learnt about the economy.
Today you need to learn and revise about some key terms we have covered briefly but you need to be ready for:
- Inflation
- Interest Rates (Fixed & Variable)
- The relationship between inflation & Interest rates
- Income Taxes, Corporation Taxes & VAT
- Definition for indirect and direct taxes.
- Exchange Rates & the impact upon imports & exports
As this is a revision exercise you will be expected to make notes and work in silence. You need to be prepared for the exam and anything less than 70% will result in a retake.
Use appropriate websites like Tutor2U, GCSE Bitesize Business/Economics and even the business blog as people have posted work in previous lessons.
http://www.businessstudiesonline.co.uk/live/index.php?option=com_content&view=article&id=2&Itemid=8
http://www.businessstudiesonline.co.uk/live/index.php?option=com_content&view=article&id=55&Itemid=33
