Economic growth

Economic growth

12th Grade - University

10 Qs

quiz-placeholder

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Economic growth

Economic growth

Assessment

Quiz

Business

12th Grade - University

Medium

Created by

Foo Chung Chang

Used 147+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Economic growth is a situation where an economy's real GDP increase.

True

False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Actual economic growth is a situation where an economy's growth is fueled by high total spending in an economy.

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Potential economic growth is a situation where an economy's productive capacity improved.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

AD curve shift to right to show potential economic growth

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

AD curve shift to right to show actual economic growth

True

False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

LRAS curve shift to right to show potential economic growth

True

False

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is the reason for an actual economic growth to occur?

Quality of education improved

Better technology used

Household's income level increase

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