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Economic Growth

Authored by RocheAngelien Meggersee

Social Studies

12th Grade

Used 11+ times

Economic Growth
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15 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Economic growth measures the

a)     Growth of productivity
b)     Increase in nominal income
c)     Increase in output
d)     None of the above

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following explains the term economic growth

a)     Increase in per capita production
b)     Increase in per capita real income
c)     Structural change in the economy
d)     All of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Potential economic growth is a situation where an economy's productive capacity improved.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

AD curve shift to right to show potential economic growth

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

AD curve shift to right to show actual economic growth

True

False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

LRAS curve shift to right to show potential economic growth

True

False

7.

MULTIPLE CHOICE QUESTION

2 mins • 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

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