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Economic Growth: How to Raise a Nation's Potential Output Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why is real GDP a poor indicator of economic growth?

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1. Which is a characteristic of economic growth?

2. In the short run, economic growth is measured in terms of which of the following?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will examine you on economic growth. Topics you'll need to know to pass the quiz include understanding the advantages of economic growth as well as its definition.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review:

  • Advantages of economic growth
  • Definition of economic growth
  • How economic growth is measured
  • Characteristics of long-run economic growth
  • Savings and economic growth

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related economic growth lesson
  • Interpreting information - verify you can read information regarding why savings is important and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about economic growth in the short and long run

Additional Learning

To learn more about the signs of a growing economy, review the corresponding lesson called Economic Growth: How to Raise a Nation's Potential Output. This lesson will help you:

  • Identify what the cornerstone of economic growth is
  • Learn how to attain higher productivity
  • Know the outcome of higher productivity
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