WorksheetsEconomic Growth Revision
Total questions: 10
Worksheet time: 3mins
Which one is a constraints to economic growth in South Africa?
Reduce Poverty
More successful business
Reduce government expenditure
Lack of Managerial skills
Economic growth is defined as?
The decrease in productive capacity of an economy
The increase of the prices of good within an economy
The inverse relationship between money and productive capacity
The increase in productive capacity of an economy
_________ is the effect of inflation remove from the current GDP figures.
Nominal wage
Real wages
CPI
Real GDP
What is a method to increase economic growth?
Increase labour productivity
Reduce government expenditure
Increase regulations
increase unemployment
Why is economic growth important?
To decrease government revenue
To increase per Capita income
To limit capital investment
To stagnate technological advancements
When is an economy in a recession?
When there are 2 consecutive period of positive growth
When an economy's revenue exceeds its expenditure
When there are 2 consecutive periods of negative growth
When there are 2 consecutive periods of negative capital investment
what is a budget deficit?
When the governments revenue exceeds it expenditure
When the government forgets to collect taxes
When the governments expenditure exceeds its revenue
When the governments imports exceeds its exports
A developed country often has greater economic growth and a developing country.
True
False
Which country is an example of an emerging economy?
Brazil
United Kingdom
Europe
United Arab Emirates
Which South Africa president primarily focus on economic growth?
Jacob Zuma
Cyril Ramaphosa
Thabo Mbeki
Nelson Mandela
