Edexcel IGCSE Economics 1.1.1.e causes of economic growth
Practise economic-growth questions by linking technology, efficiency, productivity or unemployment to PPF shifts in data contexts.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- Identify causes of positive growth such as improved efficiency or new technology.
- Explain an outward PPF shift using increased productive capacity in the data.
- Distinguish growth from contraction when unemployment or productivity changes affect output.
1.1.1.e Causes of positive and negative economic growth question 1
Figure 3 shows a long-run average cost (LRAC) curve diagram.
Figure 3
Which one of the following is the most likely cause of economic growth?
A
An increase in taxation
B
An improvement in efficiency
C
Fewer advances in technology
D
An increase in unemployment
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