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- 1. Multiple Choice
The table gives information on the rate of economic growth in a country from 2001 to 2004. What is likely to have fallen in this period?
Gross Domestic Product
imports
prices
unemployment
- 2. Multiple Choice
What can a government do to increase demand in its economy?
budget for a surplus
cut taxes
encourage savings
reduce its expenditure
- 3. Multiple Choice
What might a government decrease if it wished to slow down the rate of growth in an economy?
expenditure on defence
goods and services (value added) tax
interest rates
the rate of income tax
- 4. Multiple Choice
In 2003 Japan experienced a decline in economic output.
What might cause a decline in economic output?
a decrease in income tax
a decrease in sales tax
an increase in unemployment
an increase in company investment
- 5. Multiple Choice
What might a government increase if it wished to raise the growth rate of an economy?
expenditure on road building
goods and services tax (value added tax)
the rate of income tax
the rate of interest
- 6. Multiple Choice
What is likely to be an advantage of economic growth?
The country’s resources will be depleted.
The price level will increase.
The rate of employment will fall.
The standard of living will increase.
- 7. Multiple Choice
What might cause a decline in economic output?
a decrease in income tax
a decrease in sales tax
an increase in company investment
an increase in unemployment
- 8. Multiple Choice
A closed economy has both a private sector and a public sector.
Gross Domestic Product (GDP) consists of total consumer expenditure plus gross investment plus net exports plus
the value of exports.
the value savings.
total government expenditure.
total government expenditure minus total taxation.
- 9. Multiple Choice
A government achieves a high rate of economic growth.
How may this conflict with other government aims?
It may increase government income.
It may increase incomes for the lower paid.
It may increase the supply of exports.
It may increase the volume of imports.
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