OCR GCSE Economics - 3.1 - Economic Growth
Authored by Ally Peake
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9th - 11th Grade
Used 546+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes gross domestic product?
The growth in the number of goods and services bought over a period of time
The value of good and services bought over a period of time
The number of goods and services produced over a period of time
The value of goods and services produced over a period of time
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which formula is the correct way to measure economic growth rate?
Original GDP / Change in GDP x 100
Original GDP - Change in GDP x 100
Change in GDP / Original GDP x 100
Change in GDP - Original GDP x 100
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is GDP per capita?
GDP x population
GDP / population
GDP + population
GDP - population
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If GDP is £300 billion and the population is 30 million. What is GDP per capita?
£270 billion
£100,000
£10,000
£1,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following DOESN’T cause economic growth?
Increased investment
Improved technology
Increased labour productivity
Less investment in education
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of economic growth?
A rise in the standard of living
Increased pollution
Increased congestion
Inequalities in income and wealth
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a cost of economic growth?
A fall in unemployment
A rise in employment
A reduction in poverty
Loss of non-renewable resources
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