Theme control

Control of the topic "Economy" (a selection of tests). Control of the topic "Economics" (a selection of tests) Correct judgments about economic development

Test No. 1 on the topic "Economic growth" 1 option

1. Find in the list of operations that should be taken into account when calculating GDP, and write down the numbers under which they are indicated

1) payment for the services of a beauty salon 2) unemployment benefits

3) purchase of a "pirated" edition 4) composer's fee

5) purchase of corporate bonds

2. Find examples in the list below that illustrate extensive factors economic growth. Write down the numbers under which they are indicated.

1) expansion of the taxi fleet

2) advanced training of health workers

3) creation automated system phone call handling

4) introduction of energy saving technologies

5) putting into operation an additional assembly line at the factory

6) increase in oil production

3. Find the factors of intensive economic growth in the list below. Write down the numbers under which they are indicated.

1) development of virgin and fallow lands

3) introduction of new technologies 4) increase in capital investments

5) attraction of additional labor force 6) rational distribution of resources

4. Select the correct judgments about economic growth and development and write down the numbers under which they are indicated.

1) Economic growth refers to an increase in the amount of money in circulation.

2) One of the indicators of economic growth is the increase in real gross domestic product.

3) With the transition to a post-industrial society, the production of goods, rather than services, becomes a priority.

4) Extensive economic growth is achieved through the development of technology.

5) Intensive economic growth is associated with an increase in labor productivity.

5. Select the correct judgments about economics as a science and write down the numbers under which they are indicated.

1) One of the subjects of study of macroeconomics is the problem of interaction between consumers and producers in market conditions.

2) Microeconomics studies the role of the state in regulating the economy.

3) Economics as a science studies the ways of managing, the relationship between economic entities.

4) Scientists study both the general patterns of the functioning of the economy and the local problems of running a market economy.

5) Economics as a science originated in ancient times.

6. Country Z is going through a difficult period in the economy. What facts indicate that the country is experiencing an economic recession? Write down the numbers under which they are indicated.

1) There is observed in the country high level employment of the population.

2) Banks cut consumer lending.

3) In production, there is a decrease in production capacity.

4) There is a steady GDP growth.

5) The quality of life of the population shows the highest level over the past decade.

7. Establish a correspondence between the types of economic growth and concrete examples, illustrating them:

EXAMPLES TYPES OF ECONOMIC GROWTH

A) The tea company hired an additional number of 1) extensive

women to collect tea leaves on their plantations 2) intensive

B) An oil producing company has begun developing a new

oil fields, depleting the old

C) A vegetable farm hired a temporary worker during the summer

students and students to collect cucumbers and zucchini

D) A Japanese firm modernized a car assembly line

E) Due to the use of innovative technologies at the enterprise, labor productivity has significantly increased

Test No. 1 on the topic "Economic growth" Option 2

1. Find in the list the incomes taken into account when calculating the Gross Domestic Product (GDP), and write down the numbers under which they are indicated.

1) income from the sale of cookies in a private confectionery

2) income from the resale of a used tablet

3) income received from the delivery of scrap metal

4) income from the sale of a batch of new computers

5) income from the sale of vegetables grown by the farmer

6) income from the sale of a batch of counterfeit goods

2. Find the factors of extensive economic growth in the list below. Write down the numbers under which they are indicated.

1) development of virgin and fallow lands

2) professional development of employees

3) introduction of new technologies

4) increase in capital investment

5) attraction of additional workers

6) rational distribution of resources

3. Choose the correct judgments about economics as a science and write down the numbers under which they are indicated .

1) Economics as a science is illustrated by the study of ways to use scarce resources.

2) The economy as a science is illustrated by the production of food industry goods.

3) Economics acts as a science in the process of introducing new technologies in agriculture.

4) Economics as a science includes a body of knowledge about the economy and related activities of people.

5) Economics as a science includes material and non-material production.

4. Select the correct judgments about economic growth and write down the numbers under which they are indicated.

1) GDP growth always indicates economic growth in the country.

2) Availability natural resources higher quality is both a condition and an indicator of extensive economic growth.

3) The need to attract additional workers indicates extensive economic growth.

4) Scientific organization of labor is an indicator of intensive economic growth.

5) Intensive economic growth can be judged by the improvement

5. Choose from the list of factors of intensive economic growth and write down the numbers under which they are indicated.

1) introduction of energy-saving technologies

2) professional development of employees

3) expansion of sown areas

4) attraction of additional financing

5) rational distribution of resources

6. Country N is in a recession. What facts from the above list testify to this? Write down the numbers under which they are indicated.

1) There is an increase in the income of the population in the country.

2) Manufacturers prefer not to invest in long-term projects.

3) Statistical services ascertain the growth of unemployment, especially among young people.

4) The number of commercial banks is growing in the country.

5) GDP per capita has grown by 4% over the past three years.

6) Banks are short of Money.

7. Establish a correspondence between the factors of economic growth and specific examples illustrating them:

EXAMPLES FACTORS OF ECONOMIC GROWTH

A) increase in the number of service personnel 1) intensive

B) retraining of employees of the enterprise 2) extensive

B) construction of new power plants

D) replacement of obsolete equipment with a more modern one

D) expansion of sown areas

Can be used when repeating the topic "Economics" in preparation for the exam. A selection of tests from various sources contains tasks of all types of tasks encountered in the exam. There is a training option and a control option.


"Control on the topic of Economics with answers"

Control on the topic "Economics".

production factor

Characteristic

…………………………

Answer: labor

Answer: commercial organization

1)

numbers s, under which they

digital

numbers , under which they are listed.

numbers under which they are listed.

numbers under which they are listed.

Answer: 345.

Write in the table the selected numbers under the corresponding letters.

EXAMPLES TYPES OF FIRM COSTS

B) shipping costs

D) fuel costs

Write in the table the selected numbers under the corresponding letters.

SIGNS TYPES ECONOMIC SYSTEMS

Write in the table the selected numbers under the corresponding letters.

D) balanced

D) crawling

Write in the table the selected numbers under the corresponding letters.

B) consumer expectations

D) prices for related goods

D) the number of manufacturers

Write in the table the selected numbers under the corresponding letters.

Answer: 12112

D) excess

Write in the table the selected numbers under the corresponding letters.

fry under which they are listed.

1) stagnant 4) cyclic

2) frictional 5) seasonal

3) structural c) hidden

Answer: 135.

digital ry under which they are indicated.

6) Studying the economy of the region.

S numbers, p about which they are indicated.

1) consumer income growth

S R - the price of the product, Q -

write down numbers under which they are listed.

1) income growth

3) increase in the price of pork

)

D R - commodity price. Q

S 1 . (On the chart R - the price of the product, Q

4) income growth of the population

R- the price of the product, Q -

1) consumer income growth

one

List of terms:

The words in the list are given in the nominative case. Each word can only be used one

List of terms:

The table below lists the letters that represent the missing words. Write down in the table under each letter the number of the selected vamp word.

words in in once. Choose sequentially one word after another, mentally filling in each gap. Please note that there are more words in the list than you need to fill in the gaps.

List of terms:

1) loan 4) investment 7) property

To record answers to the tasks of this part (21-29), use the ANSWER FORM No. 2

First write down the task number (21. 22, etc.), and then a detailed answer to it. Write your answers clearly and legibly.

in

O.I.

market economy.

Answer: (For examples state regulation market economy can be given: reduction by the Central Bank of the size of the discount rate of interest (regulation of monetary relations); increase in indirect taxes on a number of goods (regulation of taxation); adoption of a law on minimum size wages ( legal regulation legal relations), etc.)

40. Analyze the situation.

Answer: (Because the cost of labor in Western countries is very high, the American manufacturing company cell phones preferred to transfer production to those countries that have a cheaper and more skilled labor force (for example, China and countries of Eastern Europe. Such a transfer of production indicates such a global process as the globalization of the economy)

29. 1. Economics

29.3 Economy.

29.4 Economy

View document content
"Control on the topic of Economics"

Control on the topic "Economics".

    Write down the missing word in the table.

production factor

Characteristic

…………………………

the use in the process of production of goods and services of the physical and mental abilities of people

money, knowledge, facilities, equipment used in the production of goods, services

Answer: ___________

2. In the row below, find a concept that is general for all

other concepts presented. Write down the word (phrase).

Production cooperative; fellowship of faith; commercial organization; joint-stock company; state unitary enterprise.

Answer: _____________________

3. Below is a list of terms. All of them, with the exception of two, refer to the concept of "manufacturer".

1) emission; 2) profit; 3) costs; 4) devaluation: 5) competition; c) investments.

Find two terms that “drop out” of the general series, and write down the numbers under which they are indicated in the table.

Answer: _____________

4. Select the correct statements about globalization and write down numbers s, under which they

1) International economic integration is one of the directions of globalization.

2) The process of globalization contributes to the development of cultural and historical specificity different countries.

3) The transition from an industrial society to an information society created the prerequisites for the emergence of the phenomenon of globalization.

4) Globalization stimulates the implementation of extreme actions in politics by states. 5) The positive consequences of globalization include the concentration of efforts

on the development of new advanced technologies.

Answer:_______________

5. Match the examples with the activities they illustrate: for each item given in the first column, match the item from the second column.

EXAMPLES OF ACTIVITY TYPES OF ACTIVITY

A) modernization transport infrastructure 1) practical

B) implementation of scientific discovery 2) spiritual

B) small business investment

D) implementation of global modeling

D) holding economic reforms in society

Write in the table the selected numbers under the corresponding letters.

Answer: _________________

6. Select the correct judgments about inflation and write down digital ry under which they are indicated.

1) The issue of money is the most effective method of reducing inflation.

2) The consequence of inflation is a decrease in the income of those who pay debts at fixed interest rates.

3) One of the immediate causes of inflation is due to excessive monopolization of prices and costs.

4) Depending on the causes, demand-pull inflation and cost-push inflation are distinguished.

5) The danger of inflation lies in the fact that savings depreciate, the standard of living of the population decreases.

Answer:________________

7. Select the correct judgments about economic growth and write down numbers , under which they are listed.

1) Extensive economic growth is ensured through a more rational use of the previous volume of resources.

2) Economic growth is facilitated by an increase in the scale of production to a certain limit, which allows saving resources and increasing output.

3) Intensive factors of economic growth include an increase in the physical capital of firms.

4) Intensive factor of growth and development modern economy is high quality human capital.

5) Stable economic growth is possible due to the widespread introduction of innovations.

Answer: ______________

8. Select the correct judgments about factors of production and factor income and write down numbers under which they are listed.

1) The factors of production that a person uses to create various goods are limited at any given time.

2) Land and labor as factors of production hinder the increase in the volume of economic benefits.

3) Each factor of production is capable of bringing income to its owner.

4) Distinctive feature entrepreneurship as a factor of production is the adoption of the initiative to combine the factors of production into a single process.

5) Reason for receiving factor income is the pursuit of maximum performance.

Answer:_________________

9. Select the correct judgments about financial institutions and write down the numbers under which they are indicated.

1) central bank carries out the issue of money and is the main link in the financial and credit system of the country.

2) All financial institutions accept deposits.

3) pension funds specialize in sales credit consumer goods in installments and issuance consumer loans.

4) The central bank sets the discount rate.

5) Financial institutions provide funds transfer and lending services.

Answer: ________________

10. Select the correct judgments about the role of the state in market economy and write down numbers under which they are listed.

1) In a market economy, the state sets prices for all goods and services.

2) The state in market conditions carries out centralized planning of production.

3) The state in a market economy satisfies the needs in public

goods or public goods.

4) In a market economy, the state protects the interests of owners.

5) State intervention in the economy is associated with imperfections in the market mechanism.

Answer: ________________

11. Select the correct judgments about taxes and write down the numbers under which they are indicated.

1) Taxes fill the state budget and pay state expenses.

2) K indirect taxes include income tax individuals. inheritance tax.

3) Taxes are directed to support the low-income segments of society through a partial redistribution of funds.

4) Direct taxes, unlike indirect taxes, are mandatory.

5) Direct taxes are taken directly from the income of the taxpayer

Answer: ______________

12. Establish a correspondence between the examples and the types of economic systems that they illustrate: for each position given in the first column, select the corresponding position from the second column.

EXAMPLES TYPES OF ECONOMIC SYSTEMS

A) In country R. manufacturers compete 1) traditional for the most favorable conditions

production and sale of goods 2) command

B) In country N. in conditions of freedom of entrepreneurship among consumers 3) the market has the widest choice of goods and services

B) the only producer and seller of goods and services in country K. is the state, private enterprise is prohibited

D) in country A. the state centrally distributes the factors of production and sets the prices of goods and services

D) the basis of the economy of the country D. is agriculture, the land belongs to tribal communities and is cultivated by them

Write in the table the selected numbers under the corresponding letters.

Answer: ________________

13. Establish a correspondence between the examples and the types of costs of the company in the short term, which they illustrate: for each position given in the first column, select the corresponding position from the second column.

EXAMPLES TYPES OF FIRM COSTS

A) purchase of semi-finished products 1) permanent

B) entertainment expenses 2) variables

B) shipping costs

D) fuel costs

D) the cost of retraining personnel

Write in the table the selected numbers under the corresponding letters.

14. Establish a correspondence between the signs and types of economic systems to which they relate: for each position given in the first column, select the corresponding position from the second column.

SIGNS TYPES ECONOMIC SYSTEMS

A) prices for goods are determined by the ratio 1) command demand and supply 2) market

B) the main means of production belong to the state

B) economic proportions are set centrally

D) the development of production is based on the competition of producers

D) periodically there is a shortage of goods

Write in the table the selected numbers under the corresponding letters.

Answer: _______________________

15. Establish a correspondence between the types of inflation and the basis for their classification; for each position given in the first column, select the corresponding position from the second column.

TYPES OF INFLATION BASIS OF CLASSIFICATION

A) discoveries 1) the nature of the flow

B) galloping 2) dependence on the rate of price growth

C) suppressed 3) the degree of divergence of price increases for various product groups

D) balanced

D) crawling

Write in the table the selected numbers under the corresponding letters.

Answer: _______________________

16. Establish a correspondence between the factors of influence (on supply and demand) and elements market mechanism: for each position given in the first column, match the corresponding position from the second column.

FACTORS OF INFLUENCE ELEMENTS OF THE MARKET MECHANISM

A) religious preferences 1) demand

B) resource prices 2) supply

B) consumer expectations

D) prices for related goods

D) the number of manufacturers

Write in the table the selected numbers under the corresponding letters.

Answer: _______________________

17. Establish a correspondence between the types of markets and the basis of their classification: for each position given in the first column, select the corresponding position from the second column.

TYPES OF MARKETS BASIS OF CLASSIFICATION

A) retail 1) nature of sales

B) oligopoly 2) saturation level

R ) equilibrium 3) type of competition

D) excess

D) monopolistic competition

Write in the table the selected numbers under the corresponding letters.

Answer: _______________________

18. Due to the installation of cash machines in the trolleybus to pay for the fare, conductor F.

was fired from the fleet and completely lost his job. For a year and a half he could not

find a full-time job, doing temporary odd jobs at a nearby grocery store. During the summer months, he took a job at construction company which generated income.

Choose from the list of characteristics associated with the unemployment of this citizen, and write down the qi fry under which they are listed.

1) stagnant 4) cyclic

2) frictional 5) seasonal

3) structural c) hidden

Answer: ___________________

19. In the country of D., a two-level banking system, in which the Central Bank occupies the top level. What are the functions of the Central Bank? Write down the numbers under which they are indicated.

1) granting a loan secured by property collateral

2) licensing activities financial institutions

3) granting loans commercial banks

4) attraction and storage of free funds of the population

5) service of settlements of enterprises

6) establishment of the norm of required reserves

Answer: ____________________

20. The state of Poland seeks to satisfy the purchasing needs of the population of its country by using foreign trade. By what signs can it be established that this state is pursuing a policy of free trade in the field of foreign trade? write down digital ry under which they are indicated.

1) Implementation of the protection of national producers.

2) Raise customs duties for import.

3) Attracting foreign manufacturers.

4) The consequence is a fall in domestic production.

5) The result is an increase in employment in national economy.

6) The result is a struggle to improve the quality and efficiency of production.

Answer: ____________________

21. Fund "L." deals with the state and development of the economy as a whole, the economic health of the country and the world. By what signs can one establish that we are talking about macroeconomics? Write down the numbers under which they are indicated.

1) Deal with the problem economic crises.

2) Investigates the influence of prices on individual elements of the economy.

3) Considers the action of three subjects economic life: firms, household and states.

4) Studying the issues of increasing the employment of the population.

5) Analyzes the processes of production and consumption of individual goods in individual markets.

6) Studying the economy of the region.

Answer: ___________________

22. The graph shows the change in supply in the kitchen furniture market: the supply curve has moved from position S to position S 1. (On the graph P - price of goods, Q - quantity of goods). Which of the following factors can cause such a change? write down numbers, p about which they are indicated.

1) consumer income growth

2) lower prices for kitchen furniture

3) reducing the cost of components for kitchen furniture

4) lower taxes on kitchen furniture manufacturers

5) the growing popularity of new models of kitchen furniture.

Answer:________________.

23. The graph shows the change in supply in the pork market: the supply curve has moved from position S to position S 1. (On the graph R - the price of the product, Q - quantity of goods.) Which of the following factors can cause such a change?

write down numbers under which they are listed.

1) income growth

2) increase taxes on importers of pork

3) increase in the price of pork

4) decrease in prices for chicken meat 5 ) reduction in the number of pork processors

Answer: ____________________

24. The graph shows the change in demand in the furniture market: demand curve D moved to a new position D 1. (On the graph R - commodity price. Q - quantity of goods.) Which of the following factors can cause such a change? Write down the numbers under which they are indicated.

1) decrease in consumer income

2) higher taxes on furniture manufacturers

3) increase in the volume of transport services

4) waiting for the start of the Christmas sales

5) cost reduction for furniture manufacturers

Answer: ____________________

25. The graph shows the change in supply in the housing market: the supply curve has moved from position S to position S 1 . (On the chart R - the price of the product, Q - quantity of goods.) Which of the following factors can cause such a change? Write down the numbers under which they are indicated.

1) development of lending programs for the purchase of apartments

2) increase in profits for sellers of housing under construction

3) ruining a row construction firms

4) income growth of the population

5) value increase building materials

Answer:____________________

26. The graph reflects the change in supply in the market banking services: the supply curve has moved from position S to position S 1 (On the graph R- the price of the product, Q - quantity of goods). Which of the following factors can cause such a change? Write down the numbers under which they are indicated.

1) consumer income growth

2) the ruin of several large banks

3) increase in the number of clients in the banking sector

4) growing popularity of banking services

5) increase tax burden to the banking sector

Answer:______________________

27. In the course of sociological surveys of adult residents of countries Z and Y, they were asked to estimate the number of domestic and imported products on store shelves in their localities.

The results obtained (in % of the number of respondents) are presented in the form of a diagram.

Find in the above description the conclusions that can be drawn on the basis of the diagram, and write down the numbers under which they are indicated.

1) The share of those who noted that there are more domestic products in stores is less in country Z than in country Y .

2) The share of those who noted that there are more imported products in stores is higher in country Z than in country Y .

3) In country Z, half of the respondents noted that the stores have an approximately equal number of domestic and imported products.

4) Equal shares of respondents in both countries found it difficult to estimate the number of domestic and imported products in stores.

5) In country Y, the same proportions of respondents noted that there are more imported products in stores and that there are approximately equal numbers of domestic and imported products in stores.

Answer:____________________

28. Read the text below, in which a number of words are missing. Choose from the proposed list of words that you want to insert in place of the gaps.

Stock __________(A) is the place where the sale and purchase takes place

valuable papers. Her activities in developed countries is under strict control by ____________ (B). From the average ____________ (C) transactions concluded on it, ____________ (D) securities (shares and ____________ (D)) issued by individual ____________ (E) are added.

The words in the list are given in the nominative case. Each word can only be used one pa h. Choose sequentially one word after another, mentally filling in each gap. Please note that there are more words in the list than you need to fill in the gaps.

List of terms:

1) rate 4) state 7) stock exchange

2) contract 5) company 8) information

3) price 6) infrastructure 9) bond

The table below lists the letters that represent the missing words. Write down in the table under each letter the number of the selected vamp word.

Answer: _______________________

29. Read the text below, in which a number of words are missing. Choose from the proposed list of words that you want to insert in place of the gaps.

Monetary policy is the government's policy through the Central Bank.

measures in the area monetary circulation and ____________(A), aimed at ensuring

sustainable, efficient functioning of the economy. The purpose of the monetary

policy - helping the economy to achieve a level of ____________ (B) that

will provide full ____________ (C) and absence of ____________ (D). Operations in the open

the market is held by the Central Bank, which sells government securities, paying a high __________ (D) on them, attracts funds from investors to cover the budgetary ___________ (E)”.

The words in the list are given in the nominative case. Each word can only be used one once. Choose sequentially one word after another, mentally filling in each gap. Please note that there are more words in the list than you need to fill in the gaps.

List of terms:

1) interest 4) deposit 7) mortgage

2) deficit 5) production 8) inflation

3) employment 6) credit 9) modernization

The table below lists the letters that represent the missing words. Write down in the table under each letter the number of the selected vamp word.

Answer: _______________________

30. Read the text below, which skipped a number of layers. Choose from the proposed list of words that you want to insert in place of the gaps.

"International capital migration is carried out in three main forms: direct private ___________ (A), public __________ (B), loans from international financial organizations. At the same time, such characteristics of the local market as its availability, quality of the labor force, currency risk, protection of intellectual property ___________( C), state ___________ (D) and much more.To attract investments and ___________ (D) in the most backward (problem) regions, territories with a preferential economic regime are created - free economic _____ (E).

words in The list is given in the nominative case. Each word can only be used once in once. Choose sequentially one word after another, mentally filling in each gap. Please note that there are more words in the list than you need to fill in the gaps.

List of terms:

1) loan 4) investment 7) property

2) technology 5) license 8) area

3) service b) zone 9) settlement

The table below lists the letters that represent the missing words. Write in the table under each letter the number of the word you have chosen.

Answer: _______________________

To record answers to the tasks of this part (31-29), use the ANSWER FORM No. 2

First write down the task number (31. 32, etc.), and then a detailed answer to it. Write your answers clearly and legibly.

Read the text and complete tasks 31-34.

“...Modern labor is intensifying. The logic of movement towards success, towards access to goods determines the spontaneous, spontaneous growth of the volume of labor in life of modern man. Labor condenses in time, and also multiplies - doubles, triples, etc. The modern worker - a qualified specialist, who has been preparing the possibility of his career for a long time, with great effort, is less and less able to control the process of consumption by society "of his labor. “Investments should pay off, and preferably as soon as possible. And therefore, a person, satisfied with the demand for his work, is drawn into an increasing number of labor practices. "Proliferating" labor inevitably becomes more superficial.

Alienation of labor continues. Although it takes on new forms. So far, we have been talking about one - internal - form of alienation due to the complication of the perception of labor by those who are in demand, employed and, therefore, in a privileged position.

Another form of alienation of labor is external, literal unemployment. (...) It begins from the moment when labor goes beyond natural production, develops in an industrial society and acquires a completely special character in a post-industrial society. First of all for account of what is growing powerfully ”(Kozlova O.I. Labor in social life// Social and humanitarian knowledge. 2003. No. 6. pp. 111-112.),

31. Based on the text, write down the signs of modern labor.

32. Using the content of the text, complete the table.

Forms of alienation of labor

Internal

Their essence.

35. What meaning do social scientists invest in the concept of "inflation"? Drawing on the knowledge of the social science course, make two sentences: one sentence containing information about the types of inflation, and one sentence revealing one of the possible measures of anti-inflationary policy.

36. Open on three examples various manifestations of state regulation

market economy.

37. Name any three tasks Russian government on the development of market relations in the economy and illustrate each of them with an example.

38. Name two types of company costs in the short run and illustrate each of them with an appropriate example.

39. Name any three factors that affect the change in demand, and illustrate each of them with an appropriate example.

40. Analyze the situation.

The US cell phone company has cut 15,000 jobs and moved much of its production to China and Eastern Europe (the company cut 25,000 jobs in the previous two years). At the same time, unemployment in the United States is currently 9 percent.

What are the reasons for this company policy? Name the global process, the manifestation of which are the given and similar facts.

41. You are instructed to prepare a detailed answer on the topic "Unemployment". Make a plan according to which you will cover this topic. The plan must contain at least three points, of which two or more are detailed in sub-points.

Define the problem. Pick up arguments.

29. 1. Economics

“Business is a combination of war and sport” (A. Morois).

29. 2. Not for gold and silver, but only for labor initially all the riches of the world were acquired. (A. Smith).

29.3 Economy.

Raising the technical level of industry increases its capabilities, its competitiveness” (M. Konotopov).

29.4 Economy

“If there are too many poor people, then state spending will increase greatly, which will immediately affect the well-being of other segments of the population” (A. Kravchenko).


3.4. The economic growth. Economic cycle.

Let's remember! Economic growth is a long-term upward trend in real GDP. It is significant that we are talking about real GDP growth, not nominal GDP growth, that this is a multi-year process, and that GDP is growing both in absolute terms and per capita.

Economic growth may be due to the fact that in the country there is an increase in the quantity of resources and / or an increase in their quality.

An increase in the number of factors of production is an extensive growth:

- increase in the number of labor resources;

- increasing the amount of available natural resources;

- increase in capital resources.

Improving the quality of factors of production is an intensive growth:

- increase in labor productivity;

- availability of higher quality natural resources;

- improvement of equipment and technology;

- improving the quality of management.

The business cycle is the periodic fluctuations in business activity in a country. When the economy reaches the level of maximum business activity in the region of the peak point, there is a period of overemployment and high inflation. During a recession, business activity begins to decline, down to the lowest point of the recession. At the same time, businesses close, unemployment rises. The area around the low point of the recession is called a crisis. It's a period of underutilization economic resources, high unemployment.

1. Fill in the diagram.


Not a sign of economic growth

Signs of economic growth


Long-term GDP growth trend

Real GDP Growth

Increasing GDP per capita

2.Fill in the diagram.

2.Fill in the diagram.

Factors of economic growth

Conditions for economic growth:

Increasing the quantity of resources and improving the quality of resources (labor, land, capital, entrepreneurship)



Extensive Growth Factors

Intensive growth factors


1. Discovery of deposits

2. Growth in mining

3._____________________ _____________________

4.____________________ __________________

5._____________________ __________________

6.______________________ __________________



1.Technical progress

2. Increasing labor productivity

3.________________ _________________

4.________________ _________________

5.________________

_________________

6._______________ _________________

3. Specify three essential signs of economic growth.

2)_________________________________________________________

3) ________________________________________________________

4. Give two examples when real GDP growth cannot be regarded as economic growth.

1)________________________________________________________

2)________________________________________________________

3)________________________________________________________

5. What kind of growth, intensive or extensive, occurs with an increase in the amount of resources used?

6. If you improve your general education level, will it affect the economic growth of the country? If yes, then which one?

____________________________________________________________


  1. Explain what happens to macroeconomic indicators during economic activity.
Unemployment rate________________________________________

Inflation rate ____________________________________________

Real GDP level ____________________________________________

8. Are the following judgments about economic growth correct?

A. If real country's GDP increased by 10% compared to last year, this means economic growth.

B. Economic growth is a long-term upward trend in nominal GDP.

9. Are the following statements about the business cycle correct?

A. During a business downturn, unemployment decreases.

B. Business cycles are predictable.

1) only A is true; 3) both judgments are true;

10. Are the following statements about welfare correct?

A. The higher the population growth rate, the higher the level of well-being, all other things being equal.

B. The higher the rate of economic growth, the higher the level of welfare, all other things being equal.

1) only A is true; 3) both judgments are true;

2) only B is true; 4) both judgments are wrong.

11. An intensive factor in economic growth is.

1) increase in the amount of working time;

2) increase in the number of employees;

3) commissioning of additional equipment;

4) growth of labor productivity.

12. Economic growth is

1) increase in nominal GDP compared to last year

2) an increase in nominal GDP over 20 years;

3) an increase in real GDP compared to the previous year;

4) increase in real GDP over 8 years.

13. During the peak of business activity

1) high unemployment;

2) high inflation;

3) resources are used most efficiently;

4) resources are used in the least efficient way.

3.5. Types of economic systems.
1. List the three main questions by which you can determine the type of economic system.

___________________________________________________________

___________________________________________________________

___________________________________________________________

2. The plane crashed and made an emergency landing on a desert island. What type of economic system illustrates the relationships that develop between survivors? __________________________________________________________________ _________________________________________________________________

3. What type of economic system has currently developed in Russia? _________________________________________________

4.Which economic system private property is the main form of ownership?

5. Mr. Sidorov wants to sell the tomatoes he has grown as expensive as possible, and Mrs. Bublikova wants to buy them as cheaply as possible. In a market economy, this question is solved:

1) as a result of competition;

2) as a result of government pricing of tomatoes;

3) as a result of electoral interference;

4) from the standpoint of the physical strength of the parties involved in the transaction.

6. What characterizes the market economy?

1) the dominance of private property;

2) resolving the questions “what?”, “how?”, “for whom?” using the price mechanism;

3) the absence of state intervention in the economy;

4) all of the above.

7. In the state of Holland, economic benefits have been produced since time immemorial in the old-fashioned way: the profession is determined at birth. In this state:

1) traditional economy; 2) market economy;

3) command economy; 4) mixed economy.

8. The main questions of economics are “what to produce?”, “How to produce?”, and “How to distribute?”:

1) fully resolved by the UK government;

2) do not exist in a command economy;

3) do not exist in a mixed economy;

4) exist in all countries.

9. State intervention in the operation of the market mechanism is associated with the need to:

1) protection of competition;

2) collection of taxes and redistribution of income;

3) environmental protection;

4) all of the above.

10. The country's economy is mixed when:

1) firms are engaged in production only with the permission of the government;

2) the state does not interfere in the work of the market;

3) the state and the private sector interact, solving the main economic problems;

4) there are no trade barriers between this country and other countries.

11. All of the following is a characteristic of the absolute command economy except that:

1) there is directive centralized planning of economic activity;

2) the state decides what, how and for whom to produce;

3) exist state property and state distribution of economic resources;

4) there is private property and private distribution of economic resources.

12. The type of economy in which products are produced to meet the needs of the producers of these products themselves, and not for sale, is called:

1) natural; 2) market; 3) capitalist; 4) command.

13. In a command economic system, the quantity of goods and services to be produced is determined by:

1) heads of the enterprise;

2) buyers of these goods and services;

3) national traditions;

4) state economic plans.

5) Specialization:

6) Increases labor productivity;

7) Reduces labor productivity;

8) Does not have any effect on labor productivity;

9) Prevents the development of exchange.


    1. Which of the following options provides examples of all three types of factors of production (land, labor, capital):
1) money, locksmith, arable land; 2) teacher, oil, harvester;

3) turner, machine tool, shares; 4) bonds, natural gas, manager.

2) money must be difficult to counterfeit;

3) the ability to quickly turn assets into a means of payment;

4) the money received from the sale today can be used to buy goods in the future.

3.8. Inflation

Inflation is a long-term sustained increase in the general price level. Equation of exchangeMV= PQshows. that each year the economy needs the amount of money required to pay for the value of the GDP produced.

M is the amount of money in circulation;

V- speed of money circulation;

Q– real GDP;

P- general price level;

PQ- nominal GDP.

If more money is put into circulation or the velocity of circulation of money increases, then the price level may rise. When the growth rate money supply exceed the growth rate of commodity massMV> PQ. Equilibrium is restored as a result of rising prices:MV= P Q. In order for the price level to be stable, the government must maintain the growth rate of the money supply at the level of the average growth rate of real GDP. The value of the money supply is regulated by the Central Bank.

The emission of money is the issuance of an additional amount of money into circulation.

Stagflation is inflation accompanied by a fall in production.

Deflation is a persistent downward trend in the general price level.

Disinflation is a decrease in the rate of inflation: prices continue to rise, but the rate of price growth decreases.


    1. Is it possible to say that there is inflation in the country if prices for the products of six industries have increased? Why? ___________________________________________________________ ___________ _______________________________________________________________
Give an example where a banker would lose from unexpected inflation. _________________________________________________________________ ________________________________________________________________

  1. Name some of the worst effects of inflation. _________________________________________________________________ _______________________________________________________________ _______________________________________________________________

  2. What type of inflation can be caused by an increase in the money supply in the country? ______________________________________________________________

  3. Explain the difference between deflation and disinflation

  4. Which mass grows faster during inflation, monetary or commodity? ________________________________________________________________

A. If the country's industry increases output, the amount of money in circulation decreases, and the velocity of circulation of money does not change, then the price level will decrease.

B. If the country's industry cannot increase its output, and the amount of money in circulation increases, then the price level will increase.

1) only A is true; 3) both judgments are true;

2) only B is true; 4) both judgments are wrong.


  1. Are the following statements about inflation correct?
A. The cause of inflation may be an increase in wages.

B. The cause of inflation may be the discovery of new deposits.

1) only A is true; 3) both judgments are true;

2) only B is true; 4) both judgments are wrong.


  1. Are the following statements about inflation correct?
A. Reducing production costs cannot cause inflation.

B. During a crisis, prices can either go down or go up.

1) only A is true; 3) both judgments are true;

2) only B is true; 4) both judgments are wrong


  1. Are the following statements about stagflation correct?
A. With stagflation, there is an increase in prices, an increase in production and an increase in unemployment.

B. Stagflation causes a decline in wealth.

1) only A is true; 3) both judgments are true;

2) only B is true; 4) both judgments are wrong


  1. Increasing the velocity of money circulation:

    1. leads to the depreciation of money;

    2. leads to a rise in the price of money;

    3. strengthens state control over the money supply;

    4. unrelated to banking activities.

  2. Who profits from inflation?

    1. a young specialist who received a loan;

    2. the bank that provided the loan;

    3. a student living on a scholarship;

    4. a lawyer who lent money to his friend.

  3. What happens to the purchasing power of money during inflation?
1) it increases;

2) it decreases;

3) it remains unchanged;

4) it first decreases, then increases.


  1. The family took out a fixed-interest loan to buy a car. As inflation rises, this family
1) win; 2) lose;

3) won't win, but won't lose either; 4) cannot be said unequivocally.


  1. You have earned some money and put it in your passbook. With rising inflation

    1. your contribution will depreciate; 2) your contribution will increase;
3) your contribution will not change; 4) there is not enough information.

  1. The student's scholarship was delayed. With rising inflation

    1. the student will lose;

    2. the student will win;
3) the state and the student will win;

4) the state and the student will lose.


  1. How much money is needed to circulate if the velocity of money is 5?

    1. 5 times more than GDP;

    2. 10 times more than GDP;

    3. 5 times less than GDP;

    4. money supply must always be equal to GDP.

  2. In the country of Tugritania, the amount of money in circulation increased from 32 billion tugriks to 36 billion. The velocity of money circulation did not change, and the real volume of production decreased by 10%. As a result, by what percentage did prices increase in Tugritania?
Answer_________________________________________________________ ________________________________________________________________

  1. Analyze dynamics consumer prices in the Russian economy, based on consumer price indices (see Table 1) for goods and services (as a percentage of December of the previous year) and data on monthly changes in consumer prices in 1997 (as a percentage of the previous month) (see Table 1). Table 2).

  2. Table 1.

    1993

    1994

    1995

    1996

    940

    315

    231,3

    121,8

  3. Table 2.

1997

Consumer price index

January

102,3

February

101,5

March

101,4

April

101,0

May

100,9

June

101,1

July

100,9

August

99,9

September

Economic Growth Paths

1. The director of the company Z decided to open a new production line. Which of the following in the list can indicate that we are talking about the intensive economic growth of firm Z? write downnumbers under which they are listed.

1) the use of resource-saving technologies

2) growth in the volume of consumed raw materials

3) opening of several assembly lines

4) retraining of employees

5) introduction of scientific developments into production

6) increase in the staff of workers
2. Establish a correspondence between examples and types of economic growth for each position given in the first column, select the appropriate position from the second column.
growth example
A) increase the volume of output by attracting additional labor

B) GDP growth due to increased production and export of raw materials

C) increase in the volume of products produced by improving the skills of workers

D) an increase in agricultural production due to the introduction of previously unused lands into circulation

D) increase in sales volume due to the introduction of new technologies for transportation and storage
growth type

1) intensive growth

2) extensive growth

3. In country T, an intensive path of economic development prevails. Which of the following factors indicate this?

1) growth in labor productivity

2) low inflation

3) employment growth

4) the growth of savings of the population

5) increase in the share of high-tech goods in exports

6) distribution of resource-saving technologies

4. The economy of country K develops mainly in an extensive way. Which of the following factors indicate this? write downnumbers under which they are listed.

1) high inflation

2) in state budget the share of proceeds from the sale of minerals is increasing

3) depreciation national currency

4) the growth of agricultural production occurs due to the introduction of new lands into circulation

5) decrease in labor productivity

6) actively attracting additional labor from other countries
5. Select the correct judgments about economic growth and write down the numbers under which they are indicated.
1. Economic growth is a quantitative change in the country's production system
2. Extensive economic growth is accompanied by qualitative improvements in the structure and functions of the production system of one level or another
3. Intensive economic growth occurs without a qualitative change in production systems
4. Economic growth can occur without development: the number of goods increases, but there are no qualitative changes in production
5. Factors of economic growth, including the quantity and quality of natural and labor resources

6. Select the correct judgments about economic growth and write down the numbers under which they are indicated.
1. Extensive economic growth is ensured through a more rational use of the previous volume of resources
2. Economic growth is facilitated by an increase in the scale of production to a certain limit, which allows saving resources and increasing output
3. Intensive factors of economic growth include an increase in the physical capital of firms
4. An intensive factor in the growth and development of the modern economy is high-quality human capital
5. Stable economic growth is possible through the introduction of innovations everywhere

7. Establish a correspondence between factors and types of economic growth: for each position given in the first column, select the corresponding position from the second column.
Factors of economic growth
A) commissioning of additional equipment
B) inviting foreign workers
C) discovery of new mineral deposits
D) professional development of employees
D) consolidation of production, economies of scale
Types of economic growth
1. Intense
2. Extensive

8. Select the correct judgments about the manifestations of intensive economic growth. Write down the numbers under which they are indicated.
1. Economic growth was achieved as a result of the rational organization of production
2. As a result additional loan the enterprise ensures the growth of production
3. The introduction of a modern, more productive technological production line contributed to an increase in labor productivity
4. The enterprise carries out exploration and development of new deposits of non-ferrous metals
5. The company's staff was trained in new information processing techniques

9. Establish a correspondence between the types of economic growth and specific examples illustrating them: for each position given in the first column, select the corresponding position from the second column.
Examples
A) A tea company hired additional women to pick tea leaves from their plantations.
B) an oil company began developing a new oil field, depleting the old one
C) a vegetable farm hired students and students for temporary work in the summer to pick cucumbers and zucchini
D) a Japanese firm has modernized a car assembly line
E) due to the use of innovative technologies at the enterprise, labor productivity has significantly increased
Types of economic growth
1. Intense
2. Extensive

10. Select the correct judgments about economic growth and development and write down the numbers under which they are indicated.
1. The wealth of the country and the well-being of every citizen depend on economic growth
2. Economic growth is a long-term upward trend in real GDP
3. Intensive economic growth is formed due to effective use fixed assets
4. Growth in consumption of raw materials, fuel is a factor of intensive growth
5. The factors of extensive economic growth include the use of the achievements of scientific and technological progress

11. Select the correct judgments about the factors of intensive economic growth and write down the numbers under which they are indicated.
1. Attraction of additional labor force of the same qualification allowed to increase the volume of output
2. Construction of new industrial enterprises previous technical level - a factor of intensive economic growth
3. Expansion of sown areas with a constant material and technical base using previously used plant varieties contributes to an increase in the volume of the harvested crop
4. Increasing the scale of production by improving the quality of its factors, increasing the level of skills of workers made it possible to produce products 1.5 times more
5. The introduction of new agricultural machines into practice has made it possible to save on fuel and lubricants and spare parts, as a result, the cost of potato production has decreased
12. Establish a correspondence between the manifestations of development and the ways of economic growth: for each position given in the first column, select the corresponding position from the second column.
Manifestations of development
A) rational organization of production
B) promotion interest rate on credit
C) introduction of a more productive production line
D) exploration of new deposits of non-ferrous metals
D) training of personnel in new methods of information processing
Ways of economic growth: 1. Extensive 2. Intensive

Answers
1. 145
2. 22121
3. 156
4. 246
5. 145
6. 245
7. 22211
8. 235
9. 22211
10. 123
11. 45