Other questions in this quiz

2. Define Balance of Payments

  • A sustained rise in price level
  • A record of money floe coming in and out of a country
  • The price of one currency in terms of another

3. What is Real GDP

  • The country's output measured in constant prices and so adjusted for inflation
  • The total value of output produced in an economy

4. Define GDP

  • the total value of output produced in an economy
  • the countrys output measured in constant prices and so adjusted for inflation
  • The price of one currency in terms of another

5. What is Economic Growth

  • In the short run an increase in real GDP, while in the long run, an increase in the productive capacity an economy produces
  • An increase in the level of output produced in an economy

Comments

Max Bevan

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could do with a lot more definitions, but good start.

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