4 Questions
Which of the following is considered a key factor in determining the overall economic growth of a country?
Rate of investment in the economy
What is the primary function of a government budget?
Allocating resources for public projects
What effect does an increase in interest rates by the central bank have on the economy?
Decreases borrowing and spending
What would be the likely outcome of a decrease in the exchange rate of a country's currency?
Boosts exports but increases import costs
Test your understanding of key factors influencing economic growth, the impact of central bank interest rate changes, the primary purpose of government budgets, and the potential outcomes of fluctuations in exchange rates.
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