Economic Growth review

Economic Growth review

12th Grade

10 Qs

quiz-placeholder

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Economic Growth review

Economic Growth review

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Sara Crider

Used 61+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a. an decrease in quantity and quality of education

Increase economic growth

Decrease economic growth

No change in economic growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

d. an increase in the government deficit following a decrease in personal income taxes.

increased economic growth

decreased economic growth

no change in economic growth

3.

OPEN ENDED QUESTION

30 sec • Ungraded

GDP per capita is the best measure of a nation’s (3 words)

Evaluate responses using AI:

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Answer explanation

Standard of Living

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

An increase in which of the following would be most likely to increase long-run growth?

Pension payments
unemployment compensation
tariffs on imported capital goods
tariffs on imported oil
subsides to businesses for purchases of capital goods

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Check the three types of capital that create economic growth.

Human Capital

Technology

Physical capital

trading capital

6.

FILL IN THE BLANK QUESTION

30 sec • 3 pts

The rule of 70 indicates that a 7% annual increase in the potential level of real GDP would lead to the potential output doubling in about ______________ years.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for calculating real GDP per capita?

C+I+G+Xn

P x Q

real gdp/population

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