Economic growth

Economic growth

10th Grade

12 Qs

quiz-placeholder

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Economic growth

Economic growth

Assessment

Quiz

Other

10th Grade

Hard

Created by

Anke Nieuwoudt

Used 87+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

GDP = Consumption by households + Investment by producers + government spending + (imports - exports)

True

False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Nominal GDP can rise in value because of two of the below reasons. Which reason is not correct?

The output of the country increases

The general level of prices in the country decreases

The general level of prices in the country increases

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one of the following is NOT a method of calculating real GDP?

income method

savings method

expenditure method

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

GDP per capita means

real GDP per household

real GDP per head

real GDP per worker

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If the real GDP for a given period is divided by the size of the population for that same period, it is known as

GDP at factor cost

GDP at market prices

real GDP

GDP per capita

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Suppose that in the country of Xanadu, the real GDP in 2004 was R1883 billion. In 2005, real GDP was R1610 billion. In Xanadu, real GDP grew by

14.5%

17%

-14.5%

-17%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following information is taken from the national accounts of Zambibia:


C = R200 million

I = R50 million

G = R150 million

X = R200 million

M = R180 million


Gross Domestic Expenditure is

R400 million

R420 million

R600 million

R380 million

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