Why is GDP often used to measure economic growth?
Can An Economy Grow Forever? part 2: Growth

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Business, Social Studies, Life Skills
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7th - 12th Grade
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It measures the well-being of an economy.
It is a direct measure of aggregate supply.
It is easier to calculate and reacts quickly.
It accounts for all production lines in an economy.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant reason for labor's contribution to economic growth?
Reduction in global population.
Better education and more people.
Increased availability of land.
Genetic improvements over generations.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does entrepreneurship differ from labor in the context of economic growth?
Entrepreneurship focuses on manual labor.
Entrepreneurship is about innovation and education.
Entrepreneurship relies solely on natural resources.
Labor is more important than entrepreneurship.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been the most influential factor of production over the past 200 years?
Capital
Labor
Land
Entrepreneurship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What assumption is questioned regarding future technological innovation?
That innovation has no impact on wealth.
That innovation is unrelated to education.
That innovation will cease entirely.
That innovation will continue indefinitely.
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