
Economic Growth
Authored by San
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12th Grade
Used 26+ times

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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic Growth
An increase in the value of real output
it is an increase in real output that is caused by an increase in AD
It is an increase in the productive capacity of an economy
It's the different between actual and potential growth
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Actual Economic Growth
An increase in the value of real output
it is an increase in real output that is caused by an increase in AD
It is an increase in the productive capacity of an economy
It's the different between actual and potential growth
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Potential Economic Growth
An increase in the value of real output
it is an increase in real output that is caused by an increase in AD
It is an increase in the productive capacity of an economy
It's the different between actual and potential growth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Output Gap
An increase in the value of real output
it is an increase in real output that is caused by an increase in AD
It is an increase in the productive capacity of an economy
It's the different between actual and potential growth
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Economic Growth (AD)
- increase in consumption
- increase in investment
increase in gov expenditure
- increase in net exports
- increase in investment
- new technology
increase in net migration
- supply-side policies
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Economic Growth (LRAS)
- increase in consumption
- increase in investment
increase in gov expenditure
- increase in net exports
- increase in investment
- new technology
increase in net migration
- supply-side policies
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Limitations of Economic Growth
A lack of access to fund for investment
Corrupt government
Currency instability/ Overvalued exchange rate
Poorer quality human capital
protectionism by other countries limiting free international trade
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