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Question-1
Economic growth is important because
(A)
People want a better environment
(B)
People will be happier
(C)
People want less crime
(D)
People want higher incomes and more consumer goods
Question-2
A Gini coefficient of zero means that the
(A)
All the income is received by the top 20% of the income distribution
(B)
One person has all the income and every one else has nothing.
(C)
Income is equally distributed
(D)
The income is split equally the top 20% and the rest of the distribution
Question-3
Potential growth measures:
(A)
The growth of the fastest economy in the world.
(B)
The fastest growth an economy has ever achieved
(C)
The present rate of growth of an economy.
(D)
The rate of growth that could be achieved if resources were fully employed
Question-4
The growth path resulting from technological progress for a given saving rate is known as the
(A)
Steady state growth path
(B)
Steady state level of output
(C)
Unsteady state growth path
(D)
Steady state invention rate
Question-5
A combined measure of productivity that takes account of both labour and capital productivity is known as
(A)
Total productivity
(B)
Total factor productivity
(C)
Labour capital productivity
(D)
Total exploitation
Question-6
Identify below what is NOT considered to be a cause of economic growth.
(A)
An increase in the quality of labour and capital
(B)
An increase in the money supply
(C)
An increase in labour productivity
(D)
An increase in technology
Question-7
A government is most likely to use a reflationary policy.
(A)
In a recession
(B)
In a boom
(C)
When there is fast GDP growth
(D)
When prices are increasing Fast
Question-8
The idea of convergence of GDP suggests that
(A)
All countries will eventually join the EEC
(B)
Poorer countries have higher capital/labour ratios than richer countries
(C)
Poorer less developed countries will catch up with richer ones
(D)
The gap between countries GDP per head will widen
Question-9
Supply side policies are considered effective in
(A)
Encouraging technological progress
(B)
Increasing the money supply
(C)
Increasing government expenditure
(D)
Reducing taxation
Question-10
Economic growth can be seen by an outward shift of
(A)
The production Possibility Frontiers
(B)
The Gross Domestic barrier
(C)
The marginal consumption frontiers
(D)
The minimum efficient scale
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Cambridge Secondary Grade 10
IGCSE
Practice in Related Chapters
Demand-Side and Supply-Side Policies
Elasticities
Competitive Markets Demand and Supply
The Foundation of Economics
The Theory of the Firms Production, Costs, Revenue and Profits
The Theory of the Firm II Market Structures
The Level of Over All Economic Activity
Aggregate Demand and Aggregate Supply
Government Intervention
Macroeconomic Objectives I : Low Unemployment,Low and Stable Rate of Inflation
Macro Economic Objectives II : Economic Growth and Equity in the Distribution of Income
Market Failure
International Trade
Exchange Rates and the Balance of Payments
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