Topic Questions (MCQ – EASY): Economic growth and sustainability – 3auk

What is the most likely factor to contribute to a decrease in a country's long-term economic growth rate?

an aging population

increased influx of immigrants

reduction in the government's budget deficit

decline in the agricultural sector's contribution to the country's GDP

What is the most appropriate description of sustainable economic development?

a long-term increase in the real output of an economy

a long-term improvement in living standards while preserving the environment

a long-term increase in the productive capacity of an economy

a long-term increase in the living standards of all individuals in society

On a diagram illustrating a production possibility curve, what implies long-run economic growth?

a change in the slope of the curve

a transition from a point below the curve to a point on the curve

a movement between different points along the same curve

a right shift of the curve

Many governments prioritize sustainable economic growth as a macroeconomic policy objective.

What is the definition of sustainable economic growth?

maximizing the current productive capacity of the economy as rapidly as possible

maximizing the current productive capacity of the economy by utilizing only inexpensive resources

maximizing the current productive capacity of the economy without diminishing future productive capacity

maximizing the future productive capacity of the economy as rapidly as possible