What is the definition of economic growth?
It is an increase in the general level of prices over time.
It is an increase in the level of a nation's output over time.
It is an increase in the level of total demand over time.
It is an increase in wages, interest, profits and rent over time.
B
Brazil's real GDP fell by 3.8% in a year.
What might have caused this?
a decrease in imports
a decrease in income tax
an increase in interest rates
an increase in output per worker
C
Which policy decision is most likely to cause economic growth?
an increase in corporation tax rates
an increase in interest rates
an increase in the amount workers can earn before paying income tax
an increase in the government's regulations for starting a new business
C