Pearson Edexcel International AS Level · Economics (XEC11)

Economic growth: Practice Questions

5 multiple-choice questions marked as you go, and 1 written questions with worked solutions. All on Economic growth.

6 questions9 marksFree, no account

Question 1

1 mark

Which of the following is most likely to be a potential cost of rapid economic growth in a developing economy?

Question 2

1 mark

Which of the following factors is most likely to cause a shift in the potential growth rate of an economy rather than just its actual growth rate?

Question 3

1 mark

Which of the following describes a situation of a negative output gap in an economy?

Question 4

1 mark

An economy experiences two consecutive quarters of negative economic growth. This economic state is best defined as a:

Question 5

1 mark

A country experiences an increase in its Gross National Income (GNI) that is higher than the increase in its Gross Domestic Product (GDP). Which of the following best explains this occurrence?

Question 6

4 marks

Using a Production Possibility Frontier (PPF) diagram, distinguish between actual economic growth and potential economic growth.

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