Economic Growth (Grade 11 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What does economic growth refer to?
What does economic growth refer to?
Country's ability to produce increases
Which measurement gives a more accurate picture of actual economic growth?
Which measurement gives a more accurate picture of actual economic growth?
Real terms
Why do economists use GDP per capita to compare countries fairly?
Why do economists use GDP per capita to compare countries fairly?
It accounts for population differences
Which is NOT one of the four main factors that drive economic growth?
Which is NOT one of the four main factors that drive economic growth?
Increased crime rates
If GDP is 500 billion and population is 50 million, what is per capita GDP?
If GDP is 500 billion and population is 50 million, what is per capita GDP?
10,000
Which aspect is part of standard of living?
Which aspect is part of standard of living?
Access to healthcare and education
What is a key limitation of per capita GDP?
What is a key limitation of per capita GDP?
It's an average, misleading if unequal
What has South Africa's economic growth rate averaged in recent years?
What has South Africa's economic growth rate averaged in recent years?
2-3%
What does rising per capita GDP usually signal?
What does rising per capita GDP usually signal?
Economic growth and productivity rise
Which factor determines standard of living?
Which factor determines standard of living?
Level of employment