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