Which of the following is the MAIN economic goal of the government.
stabilise the economy
low inflation levels
increase GDP
low unemployment level
The MOST accurate benefits of government achieving its main economic goal is:
more attractive for tourism
higher standard of living
another 5 yer term in government
more money for each citizen
All of the following are drivers of economic growth EXCEPT:
Human capital
Land and other natural resources
A large dependent population
Technological advancements
How is economic growth measured?
By changes in real national income
By changes in gross domestic product
By accumulation of capital goods
By infrastructural changes
As it relates to economic growth, the diagram represents:
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
Which of the following describes the diagram above as it relates to changes in the economy
negative growth
positive growth
The point where resources are underutilized in the economy
Gross Domestic Product