Topic 4

Topic 4

12th Grade

14 Qs

quiz-placeholder

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Topic 4

Topic 4

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Helen Semaan

Used 2+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in the level of goods and services produced in an

economy, which increases the number of material wants satisfied and raises the

living standards of individuals in the economy.

Economic growth

Internal Balance

External Balance

Economic Development

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth offers substantial benefits to a nation, including:

an increased standard of living for the population

improved job prospects for the labour force

the opportunity for increased public investment in infrastructure and services

such as education funded through higher government tax revenues

all of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The benefits of achieving full employment includes improved living standards.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Australia, the Government and the Reserve Bank have made a commitment to

sustaining the average rate of inflation at 2–3 per cent over the course of the business

cycle.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are ??? key measures of external stability.

six

three

five

two

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

High volatility in the

exchange rate usually reflects a lack of external stability.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government policies also generally aim to

reduce some of the gap between higher and lower income earners through ??

policies.

distribution

re-distribution

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