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12th Economics 2nd Revision Quiz 2024
4 Questions
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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

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