Money/ business and consumerism (Medium) Quiz Home › IELTS › IELTS English Vocabulary › Money/ business and consumerism (Medium) 📝 IELTS – English Vocabulary – Money/ business and consumerism – Medium 20 questions · 15 min timer · Explanations included · Free 1. What does the term 'inflation' refer to in economics? A measure of a country's economic output. A decrease in the general price level of goods and services. An increase in the general price level of goods and services. The total value of goods produced in a country. None Show Hint Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Option A describes deflation. 2. What does 'subsidiary' mean in business? A company that is owned by another company. A company that owns another company. A company that has gone bankrupt. A company that operates independently. None Show Hint A subsidiary is a company that is controlled by another company, known as the parent company. Option A describes a parent company. Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Click Submit to see your final score! Previous Start Quiz Next Time's up
