Paper 2 iAS MCQ
Quiz by Koen De Mulder
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- Q1
The short-run Phillips curve illustrates a possible trade-off between
inflation and income inequality
inflation and unemployment
economic growth and income inequality
economic growth and protection of the environment
30s - Q2
Ghana’s rate of economic growth increased from 3.6% in 2016 to 8.5% in 2017.
Which one of the following is a likely result of this increase in the rate of economic growth?
An increase in unemployment
A decrease in tax revenues
An increase in living standards
A decrease in investment
30s - Q3
The UK Government is spending £56 billion on building HS2, a high-speed railway network.
Which one of the following is also an injection into the circular flow of income?
An increased spending on imports
An increased spending on exports
Increased levels of savings
Increased income tax receipts
30s - Q4
In 2017 a fall in mining and manufacturing production led to the Brazilian economy operating below its productive potential.
Which one of the following is most likely to be associated with a negative output gap?
High unemployment
An increase in wellbeing
An increase in house prices
High business confidence
30s - Q530s