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

Quiz
•
Business
•
12th Grade - University
•
Medium

Foo Chung Chang
Used 147+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
Discovery of new resources
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