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