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Quiz by Nikolas Reece, created more than 1 year ago

2016 CSEC Economics (Section 6 - Economic Management) Quiz on Economic Growth part 1, created by Nikolas Reece on 14/09/2016.

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csec economics
section 6 - economic management
2016

	Created by Nikolas Reece almost 8 years ago

6344592

quiz

2017-01-11T00:32:34Z

Economic Growth part 1

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Question 1 of 6

Which of the following is the MAIN economic goal of the government.

Select one of the following:

stabilise the economy
low inflation levels
increase GDP
low unemployment level

Explanation

Question 2 of 6

The MOST accurate benefits of government achieving its main economic goal is:

Select one of the following:

more attractive for tourism
higher standard of living
another 5 yer term in government
more money for each citizen

Explanation

Question 3 of 6

All of the following are drivers of economic growth EXCEPT:

Select one of the following:

Human capital
Land and other natural resources
A large dependent population
Technological advancements

Explanation

Question 4 of 6

How is economic growth measured?

Select one of the following:

By changes in real national income
By changes in gross domestic product
By accumulation of capital goods
By infrastructural changes

Explanation

Question 5 of 6

As it relates to economic growth, the diagram represents:

Select one of the following:

The point in the PPF where resources are unattainable
The point in the PPF where resources are lying idle
A recession
Output has increased in the economy

Explanation

Question 6 of 6

Which of the following describes the diagram above as it relates to changes in the economy

Select one of the following:

negative growth
positive growth
The point where resources are underutilized in the economy
Gross Domestic Product

Explanation

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6344592

quiz

2017-01-11T00:32:34Z

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