Economic Growth
Visão Geral
When an economy grows, more goods and services are produced, incomes rise and living standards usually improve. When it shrinks into recession, jobs vanish, firms close and confidence drains away. Economic growth, measured by real GDP, is the single most watched number in macroeconomics.
In this lesson you will define real GDP, learn what causes an economy to grow or fall into recession, weigh the advantages and disadvantages of growth, follow the consequences of recession for consumers, workers, firms and the government, and evaluate the policies a government can use to promote growth.
Objetivos
- real Gross Domestic Product (GDP)
- how economic growth may be caused by an increase in total demand, an increase in the quantity of resources or an increase in the quality of resources
- advantages and disadvantages of economic growth
- definition of recession
- how a recession may be caused by a decrease in total demand, a decrease in the quantity of resources or a decrease in the quality of resources
- consequences of recession for consumers, workers, producers/firms and the government
- the range of policies available to promote economic growth and their effectiveness
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Parabéns por concluir a lição em Economic Growth. Agora que você explorou o conceitos e ideias-chave, é hora de colocar seu conhecimento à prova. Esta seção oferece uma variedade de práticas perguntas destinadas a reforçar sua compreensão e ajudá-lo a avaliar sua compreensão do material.
Irá encontrar uma mistura de tipos de perguntas, incluindo perguntas de escolha múltipla, perguntas de resposta curta e perguntas de redação. Cada pergunta é cuidadosamente elaborada para avaliar diferentes aspetos do seu conhecimento e competências de pensamento crítico.
Use esta secção de avaliação como uma oportunidade para reforçar a tua compreensão do tema e identificar quaisquer áreas onde possas precisar de estudo adicional. Não te deixes desencorajar pelos desafios que encontrares; em vez disso, vê-os como oportunidades de crescimento e melhoria.
- Economic growth is best measured by the annual percentage change in: A. nominal GDP B. real GDP C. the population D. the price level Answer: B
- A recession is defined as a fall in real GDP for: A. one month B. two consecutive quarters C. one year D. five years Answer: B
- Which of the following would most directly increase the quality of an economy's resources? A. a higher birth rate B. improved education and training C. immigration of workers D. discovery of new oil reserves Answer: B
- Which is a likely disadvantage of rapid economic growth? A. lower unemployment B. higher tax revenue C. more pollution and resource depletion D. higher incomes Answer: C
- During a recession, the government's budget position usually: A. improves as tax revenue rises B. worsens as tax revenue falls and benefit spending rises C. is unaffected D. always moves into surplus Answer: B
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Livros Recomendados
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Secção do manual
How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
Use the aggregate demand/aggregate supply model to show periods of economic growth and recession
"Principles of Economics 2e: How the AD/AS Model Incorporates Growth, Unemployment, and Inflation" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/24-5-how-the-ad-as-model-incorporates-growth-unemployment-and-inflation. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
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Measuring the Size of the Economy: Gross Domestic Product
Identify the components of GDP on the demand side and on the supply side
"Principles of Economics 2e: Measuring the Size of the Economy: Gross Domestic Product" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/19-1-measuring-the-size-of-the-economy-gross-domestic-product. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
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