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WorksheetsEconomic_Slowdown
Total questions: 8
Worksheet time: 4mins
Economic growth can be measured by
The CPI
The CBI
GDP
MPC
In a boom:
Unemployment is likely to fall
Prices are likely to fall
Demand is likely to fall
Imports are likely to fall
In a recession, GDP:
Grows negatively
Grows slowly
Grows by 0%
Grows rapidly
o boost economic growth the government is most likely to:
Increase interest rates
Increase taxation rates
Provide incentives to invest
Provide incentives to save
Economic growth can be seen by an outward shift of:
The Production Possibility Frontier
The Gross Domestic Barrier
The Marginal Consumption Frontier
The Minimum Efficient Scale
The socially optimal rate of growth is:
Zero
Negative
Where the marginal social benefit = the marginal social cost
Total social costs are minimized
To anticipate what the economy is going to do next the government will look at:
Lagging indicators
Flashing indicators
Coincidental indicators
Leading indicators
Potential growth measures:
The growth of the fastest economy in the world
The fastest growth an economy has ever achieved
The present rate of growth of an economy
The rate of growth that could be achieved if resources were fully employed
