Lesson M2.1.2

M2.1.2 Growth rates, GDP per capita and causes of growth Quiz: OCR Economics, Unit 7

20 questions

In partnership with Revision Ninja

Lesson M2.1.2, Growth rates, GDP per capita and causes of growth: 20 multiple choice questions for the OCR Economics (H460), Unit 7: Economic policy objectives, written with Revision Ninja.

Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.

Host this setFree Play

The 20 questions

  1. How is GDP per capita calculated for a country?

    • GDP multiplied by inflation
    • GDP divided by population
    • Population divided by GDP
    • GNI minus depreciation
  2. Which term describes an increase in the actual real output of an economy?

    • Short-run growth
    • Trend growth
    • Potential growth
    • Long-run growth
  3. Which term describes an expansion in the productive potential of an economy?

    • Actual growth
    • Short-run growth
    • Long-run growth
    • Cyclical growth
  4. If nominal GDP grows by 6% and inflation is 2%, what is real GDP growth?

    • 3%
    • 8%
    • 12%
    • 4%
  5. Which event directly causes short-run economic growth on an AD/AS diagram?

    • Leftward LRAS shift
    • Leftward AD shift
    • Rightward SRAS shift
    • Rightward AD shift
  6. Which shift on a diagram represents an increase in potential economic growth?

    • Leftward AD shift
    • Inward LRAS shift
    • Upward SRAS shift
    • Outward LRAS shift
  7. Which measure adjusts gross domestic product to remove the effects of inflation?

    • GDP per capita
    • Nominal GDP
    • Gross national income
    • Real GDP
  8. If GDP is £600 billion and population is 20 million, what is GDP per capita?

    • £300,000
    • £12,000
    • £30,000
    • £3,000
  9. What is the difference between actual GDP and potential GDP called?

    • Output gap
    • Growth gap
    • Inflation gap
    • Trade deficit
  10. How is a technical economic recession defined in the UK?

    • Three consecutive quarters
    • One single quarter
    • Two consecutive quarters
    • Four consecutive quarters
  11. Which factor is most likely to increase an economy's long-run aggregate supply?

    • Consumer spending
    • Decreased exports
    • Capital investment
    • Income tax cuts
  12. What happens to GDP per capita if total GDP grows slower than population?

    • It doubles
    • It falls
    • It rises
    • It stays constant
  13. If real GDP rises from £200 billion to £206 billion, what is the growth rate?

    • 2%
    • 3%
    • 1.5%
    • 6%
  14. Which movement on a production possibility frontier diagram shows long-run economic growth?

    • Inward PPF shift
    • Outward PPF shift
    • Movement towards origin
    • Movement along PPF
  15. Which term refers to the long-term smooth average growth rate of real GDP?

    • Nominal growth rate
    • Trend growth rate
    • Actual growth rate
    • Cyclical growth rate
  16. How does net inward migration of skilled labour affect an economy's productive capacity?

    • Reduces trend growth
    • Decreases productive capacity
    • Increases productive capacity
    • Has no effect
  17. Which measure is best for comparing average material living standards across countries?

    • Real GDP per capita
    • Nominal total GDP
    • Consumer price index
    • Total export volume
  18. What is economic growth that meets present needs without compromising future generations called?

    • Cyclical growth
    • Nominal growth
    • Sustainable growth
    • Potential growth
  19. Which expenditure component is usually the largest single contributor to UK aggregate demand?

    • Government spending
    • Capital investment
    • Consumer spending
    • Net exports
  20. If population growth is 1% and real GDP growth is 4%, what is per capita growth?

    • 3%
    • 0.25%
    • 4%
    • 5%

All OCR Economics quizzes