1. The relation between potential GDP and real GDP is

a. negative b. positive c. inconclusive d. none

2.With a country's GDP growth rate is 7%, according to rule of 70, it will take to double its GDP growth rate in

a. 5 years b. 7 years c. any from 5 and 7 d. None

3. A positive population growth rate with no change in the value of GDP

a. reduces GDP per capita b. increases GDP per capita c. Both a and b d. None

4.. An aggregate production function is a relation between

a. real GDP and technology b. nominal GDP and technology c. real GDP and total labor hours d. None

5. A positive growth in population growth leads to a rise in

a. demand for labor b. supply of labor c. Both a and b d. none

6.. A point inside a PPF means the economy is functioning at a point which is;

a. efficient b. inefficient c. super efficient d. none

7. Demand for Labor curve is

a. upward slopping b. downward slopping c. both a and b d. None

8.. Between economic growth and sustainable economic growth, which one is more important for any economy?

a. sustainable economic growth b. economic growth c. Both are equally important d. none