Economic Growth part 1

Descripción

2016 (Section 6 - Economic Management) CSEC Economics Test sobre Economic Growth part 1, creado por Nikolas Reece el 14/09/2016.
Nikolas Reece
Test por Nikolas Reece, actualizado hace más de 1 año
Nikolas Reece
Creado por Nikolas Reece hace alrededor de 8 años
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Resumen del Recurso

Pregunta 1

Pregunta
Which of the following is the MAIN economic goal of the government.
Respuesta
  • stabilise the economy
  • low inflation levels
  • increase GDP
  • low unemployment level

Pregunta 2

Pregunta
The MOST accurate benefits of government achieving its main economic goal is:
Respuesta
  • more attractive for tourism
  • higher standard of living
  • another 5 yer term in government
  • more money for each citizen

Pregunta 3

Pregunta
All of the following are drivers of economic growth EXCEPT:
Respuesta
  • Human capital
  • Land and other natural resources
  • A large dependent population
  • Technological advancements

Pregunta 4

Pregunta
How is economic growth measured?
Respuesta
  • By changes in real national income
  • By changes in gross domestic product
  • By accumulation of capital goods
  • By infrastructural changes

Pregunta 5

Pregunta
As it relates to economic growth, the diagram represents:
Respuesta
  • 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

Pregunta 6

Pregunta
Which of the following describes the diagram above as it relates to changes in the economy
Respuesta
  • negative growth
  • positive growth
  • The point where resources are underutilized in the economy
  • Gross Domestic Product
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