
NCEA Level 2 - Growth
Authored by Michael Bishop
Business
10th - 12th Grade
Used 12+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which one of these is not a measure of growth
Net Social Welfare
HDI
GDP
Economic Growth
Productive Capacity
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Nominal GDP?
Using inflation to show growth
Using current value of money on the day
Seeing changes to output
Showing the growth of an economy by looking at output increases
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why is Real GDP better than Nominal GDP
It shows actual increases or decreases in output
It allows economists to see if there is more growth
It shows whether there has been an actual increase in inflation
Nominal GDP doesn't allow people to see an increase in output
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is CPI
The consumers price index (CPI) is a measure of inflation for New Zealand
The consumers price index (CPI) is a measure of inflation for New Zealand producers
The consumers price index (CPI) is a measure of inflation
The consumers price index (CPI) is a measure of inflation for New Zealand households
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Define GDP
The value of goods and services in an economy in a year
The value of goods and services produced in an economy in a year
The value of goods and services produced in an economy in a 6 month period.
The value of goods and services in an economy during a year.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are negative effects of Growth
Increase in resources, increased inflation
Resource Depletion, Increased inflation
Environmental damage, increases in resources found
Increased equity, increased equality
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does HDI look at?
A long and healthy life: Life expectancy at birth, Education index: Mean years of schooling and Expected years of schooling, A decent standard of living: GNI per capita
Life expectancy from birth to death, ability to access school, A decent standard of living: GNI per capita
Education index: Mean years of schooling and Expected years of schooling, A decent standard of living: GNI per capita
Ability to access school, A decent standard of living: GNI per capita, Happiness index.
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