Economic growth, cycles and crisis

Economic growth, cycles and crisis

University

30 Qs

quiz-placeholder

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Economic growth, cycles and crisis

Economic growth, cycles and crisis

Assessment

Quiz

Other

University

Medium

Created by

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

  1. 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

  1. GDP can be used to measure economic growth

True

False

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

  1. 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

  1. Nominal GDP is GDP given in current prices, without adjustment for inflation

True

False

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

  1. 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

  1. The GDP produced in the 20th century is equal to the sum of the GDP of all history

True

False

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