CFA 2026 Level I Economics Economic Growth Free Quiz 1

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CFA 2026 Level I Economics Economic Growth Free Quiz 1

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CFA 2026 Level I Economics Economic Growth Free Quiz 1

Practice CFA 2026 Level I Economics MCQs from Economic Growth. Get instant results with Explanation.

General5 MCQs

1. What is economic growth?

A. Increase in real GDP over time.B. Increase in price levels over time.C. Decrease in unemployment over time.D. Fluctuations in economic activity.

2. What is the formula for the growth rate of real GDP?

A. Change in nominal GDP / GDP_tB. (GDP_t - GDP_{t-1}) / GDP_{t-1}C. (GDP_t - GDP_{t-1}) / GDP_tD. Change in GNP / GNP_t

3. What is potential GDP?

A. Actual GDPB. Nominal GDPC. Potential GDPD. GDP per capita

4. What is the output gap?

A. GDP deflatorB. GDP growth rateC. GDP per capitaD. Output gap

5. What are the sources of economic growth?

A. Labor, capital, and total factor productivity (TFP)B. Only laborC. Only capitalD. Only technology

General5 MCQs

6. What is total factor productivity (TFP)?

A. Labor productivityB. Total factor productivity (TFP)C. Capital productivityD. Growth rate

7. What is the Solow growth model?

A. Endogenous growth modelB. Harrod-Domar modelC. Solow growth modelD. Lewis model

8. What is the steady state in the Solow growth model?

A. Short-run equilibriumB. Growth rateC. Business cycle peakD. Steady state

9. What happens in the steady state of the Solow model?

A. Capital per worker and output per worker are constant; growth equals technological progress plus population growth.B. Capital per worker continues to grow.C. Output per worker declines.D. The economy stops growing.

10. What is the Golden Rule level of capital?

A. Steady stateB. Golden Rule level of capitalC. Optimal savings rateD. Growth rate

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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