Economic Growth

Quiz
•
Other
•
12th Grade
•
Hard

A Sheikh
Used 61+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
AD curve shift to right to show potential economic growth
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the reason for an actual economic growth to occur?
Quality of education improved
Better technology used
Household's income level increase
Discovery of new resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic growth always improve one's living standard.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In an economy, economic growth always occurs when:
there is more spending on goods and services between one year and the next.
there is more production of goods and services between one year and the next.
there are more resources available between one year and the next.
business activity is steady between one year and the next.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of spending on Australian exports (X) is likely to rise if:
there was a recession overseas
they became cheaper or more competitive for overseas buyers
the exchange rate for the A$ rose or became dearer against overseas currencies
there was a drought or floods in Australia that destroyed our crops.
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