Economic Growth (Edexcel A-Level Economics A): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does potential economic growth refer to?
What does potential economic growth refer to?
Increase in productive capacity
What does a rightward shift in LRAS represent?
What does a rightward shift in LRAS represent?
Increase in full employment output
On a PPF, what does a point inside the frontier indicate?
On a PPF, what does a point inside the frontier indicate?
Inefficient production with unused resources
What characterizes a negative output gap?
What characterizes a negative output gap?
Economy operates below full employment
How is recession technically defined?
How is recession technically defined?
GDP falls for two or more consecutive quarters
What represents the trade-off involved in high investment?
What represents the trade-off involved in high investment?
Sacrificing present consumption
What does investment in human capital include for developing countries?
What does investment in human capital include for developing countries?
Healthcare and nutrition provision
How is labour productivity most helpfully measured?
How is labour productivity most helpfully measured?
Output per hour worked
What is the Brundtland definition of sustainable development?
What is the Brundtland definition of sustainable development?
Meets present needs without harming future
Which countries are examples of export-led growth success?
Which countries are examples of export-led growth success?
South Korea, Singapore, Hong Kong, Taiwan