5.6 Economic Growth

5.6 Economic Growth

12th Grade

7 Qs

quiz-placeholder

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5.6 Economic Growth

5.6 Economic Growth

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Holden Lowe

Used 16+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economy fluctuates between periods of ________ in the short run, but economic growth can occur in the long run.

expansion and contraction

day and night

fight or flight

war and peace

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth can be measured as the growth rate in ______ over time.

real GDP per capita

real GDP

price levels

CPI

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aggregate employment and aggregate output are _____ related because firms need to employ more workers in order to produce more output, holding other factors constant. This is captured by the _______.

directly, aggregate production function

indirectly, phillips curve

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to measure average labor productivity

output per employed worker

the output of the best workers

the output of the median worker

calories in vs calories out, you can't explain that mr lowe

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Productivity is determined by the level of ????

physical capital

technology

human capital per worker

breaks you take

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The aggregate production function shows that output per capita is positively related to both ???

physical capital

human capital

the price of oil

how much time we spend on social media

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An outward shift in the PPC is analogous to a _____ shift of the long-run aggregate supply curve.

leftward

rightward

vertical

indeterminate