O-LevelEconomicsEconomic development2281/12 · May/June 2022 · Q201 Mark

What is identified as economic growth?

Afall in labour productivity

Ban increase in the productive capacity of the economy

Can increase in the Consumer Prices Index (CPI)

Dthe economy enters a period of recession

✓ Correct answer

B: an increase in the productive capacity of the economy

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Topic: Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2022 Paper 1 Variant 2, question 20.

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