Macroeconomics Quiz

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Questions and Answers

Which term refers to the expansion of an economy's production possibilities?

  • Determinants of productivity
  • GDP
  • Macroeconomics
  • Economic growth (correct)

What is the main measure used to assess economic growth?

  • Macroeconomics
  • Economic growth
  • GDP (correct)
  • Determinants of productivity

Which of the following is NOT a determinant of productivity?

  • Tech capital (correct)
  • Physical capital
  • Natural capital
  • Human capital

What does GDP measure?

<p>The market value of all products and services within a country (B)</p> Signup and view all the answers

What does GDP exclude?

<p>All of the above (D)</p> Signup and view all the answers

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