Question 1
Higher productivity:
A.
Eliminates inflation B.
Increases output per worker C.
Reduces exports D.
Reduces GDP always
Question 2
What is meant by deregulation?
A.
Growth driven by rising net exports (e.g. China). B.
Rising C shifts AD right. C.
Lower barriers to business. D.
Specialisation and competition.
Question 3
What is meant by productivity growth?
A.
Growth driven by rising net exports (e.g. China). B.
Rising C shifts AD right. C.
More output per worker — shifts LRAS. D.
Global demand affects export-led economies.
Question 4
What is meant by technology?
A.
Rising C shifts AD right. B.
Global demand affects export-led economies. C.
Expands labour force and skills. D.
Innovation and digitalisation.
Question 5
What is meant by interdependence?
A.
Higher I raises AD and LRAS. B.
Education and training. C.
Global demand affects export-led economies. D.
Lower barriers to business.
Question 6
What is meant by investment-led growth?
A.
Higher I raises AD and LRAS. B.
Innovation and digitalisation. C.
Specialisation and competition. D.
More output per worker — shifts LRAS.
Question 7
Export-led growth means:
A.
Rising exports drive GDP B.
No trade occurs C.
Only consumption matters D.
Only government spending
Question 8
Short-run growth can be caused by:
A.
Zero investment B.
Only deflation C.
Only LRAS shifts D.
A rise in aggregate demand
Question 9
Long-run growth is shown by:
A.
LRAS shifting right B.
Higher imports only C.
AD shifting left only D.
Lower investment
Question 10
What is meant by immigration?
A.
Expands labour force and skills. B.
Education and training. C.
Innovation and digitalisation. D.
Rising C shifts AD right.
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