Macroeconomics Data

Macroeconomics Data

11th Grade

50 Qs

quiz-placeholder

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Macroeconomics Data

Macroeconomics Data

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Medium

Created by

Agung Sawit

Used 3+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following BEST defines economic growth?

An increase in nominal GDP

An increase in the general price level

A sustained increase in real GDP

A reduction in the unemployment rate

Answer explanation

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If a country’s GDP increased from $1.2 trillion to $1.5 trillion, what is the percentage growth rate?

25%

20%

15%

10%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a way to measure economic growth?

Real GDP growth

Per capita income

Increase in national debt

Increase in production output

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If nominal GDP grows by 5% but inflation is 3%, how much is real GDP growth?

8%

2%

5%

-3%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a cause of economic growth?

Technological advancements

Increased labor productivity

Higher unemployment

Foreign direct investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is TRUE about economic growth?

All economic growth is sustainable

Real GDP is the same as nominal GDP

Economic growth can lead to both benefits and costs

High economic growth always leads to higher inflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a negative consequence of rapid economic growth?

Rising income inequality

Lower tax revenues

Higher unemployment

Lower demand for goods and services

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