Economic impacts of a digital solution
Name:
Date:
Class:
A
Quick Questions
Shade in the A or B circle for each question.
1. A banking app lets customers pay bills without visiting a branch, saving them travel and fee costs. What kind of impact is this?
2. Which statement describes an economic impact of a self-serve checkout system?
3. A food delivery app helps small local cafes reach new customers across the city. This is an example of:
4. True or false: An online learning platform that needs a fast internet plan and a laptop can create an economic impact through the cost of access.
5. Which is the better example of a economic impact of a ride-share app?
B
Match the Pairs
Draw a line connecting each item on the left to its match on the right.
| Left column | Right column | |
|---|---|---|
| 1economic impact | Aimpact = "economic: cashier jobs lost" | |
| 2cost of access | Bimpact = "economic: users save money on fees" | |
| 3Cost savings for users: an online banking app removes the fees for paper statements and branch visits | CA colour scheme is a user interface choice. It has no effect on money, jobs, costs or markets, so it is not an economic impact. | |
| 4Jobs lost: self-checkout kiosks replace some supermarket cashier roles | DThis ignores the other effects. The app may also cost small shops commission fees and cause some jobs to be lost, so the claim is too narrow. | |
| 5impact = "economic: the app has a blue colour scheme" | EAn effect of a digital solution on money, jobs, costs or markets | |
| 6impact = "economic: a new delivery app only creates jobs" | FThe money a user must pay to use a solution, such as a subscription, a device or an internet plan |
C
Definitions
economic impact
D
Fill in the Blanks
Complete each line of code by filling in the missing parts.
1.
An ________ impact affects money or jobs.
2.
A free banking app gives users _______.
3.
Kiosks can cause jobs to be ____.
4.
A delivery app opens a new ______.
5.
Data fees raise the cost of ______.
E
Spot the Error
Shade in the letter of the line that contains an error.
Question 1
A
old_cost = 120
B
new_cost == 80
C
saving = old_cost - new_cost
D
print('Saving:', saving)
Question 2
A
jobs_lost = 12
B
jobs_created = 20
C
net = jobs_created - jobs_lost
D
if net > 0
E
print('Jobs grew')
Question 3
A
customers = 500
B
new_market = customers 0.2
C
total = customers + new_market
D
print(total)
Question 4
A
monthly_fee = $15
B
months = 12
C
yearly = monthly_fee * months
D
print('Yearly cost:', yearly)
Question 5
A
prices = [10, 25, 40]
B
total = 0
C
for p in prices:
D
total = total - p
E
print('Access cost:', total)
Answer Key
Economic impacts of a digital solution
Section A: Quick Questions
Q1
B — Economic impact: cost savings for users
Q2
A — Some cashier jobs may be lost while new tech support jobs are created
Q3
A — A new market opening up
Q4
B — True
Q5
A — Drivers earn income, but taxi licence values drop
Section B: Match the Pairs
Q1
economic impact → An effect of a digital solution on money, jobs, costs or markets
Q2
cost of access → The money a user must pay to use a solution, such as a subscription, a device or an internet plan
Q3
Cost savings for users: an online banking app removes the fees for paper statements and branch visits → impact = "economic: users save money on fees"
Q4
Jobs lost: self-checkout kiosks replace some supermarket cashier roles → impact = "economic: cashier jobs lost"
Q5
impact = "economic: the app has a blue colour scheme" → A colour scheme is a user interface choice. It has no effect on money, jobs, costs or markets, so it is not an economic impact.
Q6
impact = "economic: a new delivery app only creates jobs" → This ignores the other effects. The app may also cost small shops commission fees and cause some jobs to be lost, so the claim is too narrow.
Section C: Definitions
Q1
economic impact — An effect on money, jobs, costs or markets, such as savings for users, new businesses, jobs created or lost, or the cost of access.Section D: Fill in the Blanks
Q1
An economic impact affects money or jobs.Q2
A free banking app gives users savings.Q3
Kiosks can cause jobs to be lost.Q4
A delivery app opens a new market.Q5
Data fees raise the cost of access.Section E: Spot the Error
Q1
B — A double == compares values instead of assigning, so new_cost is never created and the saving line fails. It should be new_cost = 80.
Q2
D — An if statement must end with a colon. It should be if net > 0: so the indented line runs when jobs are created overall.
Q3
B — There is no operator between customers and 0.2, which is a syntax error. The new market size is 20% of customers, so it should use * 0.2.
Q4
A — A $ sign is not allowed inside a number in Python. The cost of access should be stored as the plain number 15.
Q5
D — The loop should add each price to build the total cost of access. Subtracting gives a negative number. It should be total = total + p.