Economic Cycle

How do we measure economic growth?

• by the change in GDP

• by the change in GNP

• by the change in inflation

The economic growth is always expressed in

• €

• %

• $

The Gross Domestic Product can be measured in ...

• 3 ways

• one way

• 5 ways

What causes economic growth?

• new technologies

• better machinery

• improved training of workers

• more charity work

What does NOT cause economic growth?

• new ideas

• pandemics like Corona

• higher salaries

• crises

There are _________ stages in the economic cycle

What are benefits of economic growth?

• more income

• more jobs

• more pollution

• more food

What are some disadvantages of economic growth?

• environmental pollution

• greater stress on workers to produce more

• higher standard of living

• more choice of products

What do we call it if the economy is doing really well?

• a boom

• an explosion

• recession

• slump

What do we call the period when the economy improves again after a recession?

• recovery

• redone

• reborn

• slump