#1
Which of the following is a characteristic of economic growth?
#2
What is the primary measure of economic growth?
#3
What is the term for a period of economic growth characterized by rising prices?
#4
Which of the following is NOT a phase of the business cycle?
#5
What is the term used to describe the total value of all final goods and services produced within a country's borders in a given time period?
#6
In which phase of the business cycle is there a decline in economic activity?
#7
Which phase of the business cycle is characterized by high unemployment and low consumer spending?
#8
What is the primary cause of business cycles according to Keynesian economics?
#9
What is the term used to describe the sustained period of economic decline?
#10
Which of the following is NOT a characteristic of an economic recession?
#11
What is the term used to describe a sustained period of negative economic growth?
#12
Which of the following is NOT a component of GDP?
#13
Which of the following is NOT a factor affecting economic growth?
#14
Which policy measure is typically used to counteract a recession?
#15
Who is often considered the father of modern economics and the pioneer of economic growth theory?
#16
Which of the following is a leading indicator of economic growth?
#17
What is the term for the situation where an economy's output exceeds its potential output?
#18
Who proposed the theory of creative destruction, which suggests that economic growth arises when new technologies and industries replace outdated ones?
#19
Which of the following is a measure of income inequality within a country?
#20