Economic growth and productivity Flashcards

1
Q

What do we call it when a countries economy grows bigger?

A

Economic growth.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Fill in the missing word:

The country has produced more ____ and ____ than it did the previous year.

A

Good and services.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What does the word productivity refer to?

A

How efficiently resources are being used to generate products and services.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Fill in the missing word:
Increasing productivity is the process of ____ the use of resources to get ____ out of them so that more good and services can be produced.

A

Improving and more.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What does the government try to do by improving the productivity of the workforce?

A

He tries to improve the productivity so that the output of all businesses improve.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What happens when the productivity of labour is low?

A

There is waste of resources and a decrease in economic growth.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Name five factors that have a negative effect on the productivity of labour.

A
Bad health
Lack of education and training
Poor motivation
Absenteeism
Strikes and industrial action
How well did you know this?
1
Not at all
2
3
4
5
Perfectly