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12th Economics 2nd Revision Quiz 2024

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Questions and Answers

Which of the following is considered a key factor in determining the overall economic growth of a country?

Population growth rate

Rate of investment in the economy (correct)

Consumer spending habits

Government's foreign policy decisions

What is the primary function of a government budget?

Regulating international trade

Allocating resources for public projects (correct)

Stimulating private sector growth

Controlling inflation rates

What effect does an increase in interest rates by the central bank have on the economy?

Stimulates business investment

Decreases borrowing and spending (correct)

Leads to higher consumer confidence

Reduces unemployment rates

What would be the likely outcome of a decrease in the exchange rate of a country's currency?

<p>Boosts exports but increases import costs</p> Signup and view all the answers

12th Economics 2nd Revision Quiz 2024

Choose a study mode

Podcast

Questions and Answers

Which of the following is considered a key factor in determining the overall economic growth of a country?

What is the primary function of a government budget?

What effect does an increase in interest rates by the central bank have on the economy?

What would be the likely outcome of a decrease in the exchange rate of a country's currency?

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