A-Level - Economic Growth
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Medium
Krisna Mukti Wibowo
Used 3+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
How is economic growth measured?
A. changes in consumer expenditure
B. changes in living standards
C. changes in population size
D. changes in real GDP
2.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
A country experiences a 4% rise in real GDP and a 4% rise in nominal GDP.
What would explain this combination of changes?
3.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What must have increased as a result of a rise in real GDP?
A. output
B. inflation
C. income inequality
D. population
4.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What may reduce economic growth in the short run but increase it in the long run?
A. a decrease in government spending on healthcare
B. a decrease in the size of the labour force
C. an increase in the inflation rate
D. an increase in the savings ratio
5.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
Why may a government switch from aiming for a 5% growth rate to a 0% economic growth rate?
A. to avoid anyone being without a job
B. to conserve non-renewable resources
C. to maintain real GDP per head
D. to reduce living standards
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