CFA 2026 Level I Economics Economic Growth Free Quiz 3

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CFA 2026 Level I Economics Economic Growth Free Quiz 3

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CFA 2026 Level I Economics Economic Growth Free Quiz 3

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

General5 MCQs

21. What is conditional convergence?

A. Conditional convergenceB. Absolute convergenceC. No convergenceD. Divergence

22. What is absolute convergence?

A. Conditional convergenceB. Absolute convergenceC. No convergenceD. Divergence

23. What role do institutions play in economic growth?

A. Only property rightsB. Only rule of lawC. Institutions including property rights, rule of law, and political stabilityD. Only political stability

24. How does openness to trade affect economic growth?

A. Trade harms economic growthB. Trade has no effect on growthC. Trade only benefits large countriesD. Trade promotes economic growth

25. What is the Cobb-Douglas production function?

A. Y = A * K^α * L^(1-α)B. Y = A * K^α * L^αC. Y = K^α * L^(1-α)D. Y = A * K * L

General5 MCQs

26. What does α represent in the Cobb-Douglas production function?

A. Labor's share of incomeB. Capital's share of incomeC. Total factor productivityD. Growth rate

27. What is the effect of an increase in the savings rate in the Solow model?

A. Has no effect on steady-state outputB. Decreases steady-state outputC. Increases steady-state output but not the long-run growth rateD. Increases the long-run growth rate

28. What is the demographic dividend?

A. Dependency ratioB. Population growthC. Labor force participation rateD. Demographic dividend

29. What is the dependency ratio?

A. Dependency ratioB. Labor force participation rateC. Employment-to-population ratioD. Youth dependency ratio

30. How does a declining dependency ratio affect economic growth?

A. No effect on growthB. Can contribute to higher savings and investment and boost growthC. Lowers economic growthD. Increases inflation

📋 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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