
Economic growth, cycles and crisis
Quiz
•
Other
•
University
•
Medium
Юлия Тюшкевич
Used 4+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Economic growth is a short term rise in capacity to supply increasingly diverse economic goods to its population
True
False
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Economic growth is an increase in the production of economic goods and services, compared from one period of time to another
True
False
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
GDP can be used to measure economic growth
True
False
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Gross domestic product (GDP) – the value of all final and intermediate goods and services produced in a year in all sectors of the economy within the state
True
False
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Nominal GDP is GDP given in current prices, without adjustment for inflation
True
False
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Nominal GDP is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year
True
False
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The GDP produced in the 20th century is equal to the sum of the GDP of all history
True
False
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