Economic Growth Quiz by Shubhrata Shrestha | May 26, 2025 | 0 comments Economic Growth Quiz 1. Which of the following is adjusted for inflation to reflect real output? A) GDP per capita B) Nominal GDP C) Government expenditure D) Real GDP None 2. A long-term cause of economic growth includes: A) A one-time increase in consumer spending B) Investment in technology C) Increase in short-term borrowing D) Temporary tax rebates None 3. One major environmental risk of continuous economic growth is: A) Lower wages B) Depletion of natural resources C) Falling interest rates D) Reduced imports None 4. A tax cut can lead to economic growth by: A) Increasing the price level B) Boosting consumer spending C) Reducing employment D) Lowering productivity None 5. What is the formula for Aggregate Demand (AD)? A) AD = C + I + G + (X – M) B) AD = GDP – Inflation C) AD = C + I + S D) AD = Wages + Taxes None 6. Which of the following is a negative consequence of economic growth? A) Higher employment B) Improved infrastructure C) Inflationary pressure D) Increase in public goods None 7. Real GDP is considered a better indicator than Nominal GDP because it: A) Measures imports more accurately B) Includes black-market activity C) Excludes inflation effects D) Is easier to calculate None 8. Which of the following does NOT typically contribute to supply-side economic growth? A) Investment in infrastructure B) A temporary increase in holiday shopping C) Discovery of new resources D) Technological improvements None 9. Which measurement best reflects average income per person in an economy? A) Real GDP B) Aggregate Demand C) GDP per capita D) Disposable income None 10. Income inequality as a result of economic growth is considered a: A) Demand-side benefit B) Supply-side benefit C) Fiscal policy goal D) Negative consequence None Time's up Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ
