This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Economic Growth > Economic Growth – Quiz 40 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Growth Quiz 40 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is Standard of Living? A) The degree of wealth and material comfort available to a person or community. B) The degree of wealth a person has in the bank. C) The degree of wealth a person has in the stock market. D) The degree of wealth a person gets that is passed down from generation to generation. Show Answer Correct Answer: A) The degree of wealth and material comfort available to a person or community. 2. Which combination of factors is most likely to result in economic growth? A) An increase in management productivity together with a reduction in the hours worked per employee. B) Increased educational enrollment together with an increase in business regulation. C) The discovery of a new raw material deposit together with significant emigration of labour. D) The invention of a technology together with the investment to use it in the economy. Show Answer Correct Answer: D) The invention of a technology together with the investment to use it in the economy. 3. Investment in human capital and capital goods leads to: A) An increase in natural resources. B) A decrease in GDP. C) A decrease in natural resources. D) In increase in GDP. Show Answer Correct Answer: D) In increase in GDP. 4. What is the main goal of Indonesia by 2045? A) Attaining Economic Stability. B) Becoming a Global Superpower. C) Realizing Golden Indonesia. D) Achieving Sustainable Development. Show Answer Correct Answer: C) Realizing Golden Indonesia. 5. Identify the reason for a rapid economic growth from the following. A) Political Stability. B) Steady growth in primary sector. C) Improving the quality of land. D) Investment in new capital and infrastructure. Show Answer Correct Answer: D) Investment in new capital and infrastructure. 6. What was a result of railroads being built in Texas? A) The population of Texas grew. B) Travel became faster and easier. C) Texas was now connected to other states. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. A country wants to increase its gross domestic product (GDP). The government votes to lower corporate taxes. It also makes it easier to start businesses by reforming regulations. To help business owners succeed, the government also provides training programs on how to run a business. What is this country trying to do? A) Eliminate barriers to trade. B) Improve access to natural resources. C) Encourage entrepreneurship. D) Reduce the cost of capital investments. Show Answer Correct Answer: C) Encourage entrepreneurship. 8. Climate change impacts tend to be regressive, falling more heavily on the poor than the rich A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 9. Materials that come from the Earth (land). A) Human Capital. B) Capital Goods. C) Natural Resources. D) Gross Domestic Product. Show Answer Correct Answer: C) Natural Resources. 10. What is a common effect of a fall in real wages during a recession? A) Increased consumer spending. B) Rise in demand. C) Decrease in income and demand. D) Expansionary fiscal policies. Show Answer Correct Answer: C) Decrease in income and demand. 11. What kind of policies affect growth? A) Government policies that invest in infrastructure and technology. B) Wealth transfers. C) Universal Basic Income. D) None of above. Show Answer Correct Answer: A) Government policies that invest in infrastructure and technology. 12. Apa rumus pendapatan per kapita?What is the formula of per capita income? A) GNP:total population. B) GDP-GDPt-1:GDPt-1 x100%. C) IPC-IPCt-1:IPCt-1 x 100. D) GDP+GNP. Show Answer Correct Answer: A) GNP:total population. 13. Which of the following is not a supply side policy to encourage economic growth? A) Subsidies on research & development. B) Privatization and deregulation. C) Lowering corporation tax. D) A rise in investment. Show Answer Correct Answer: D) A rise in investment. 14. Michelle is opening a new restaurant A) Capital Goods. B) Entrepreneur. C) Human Capital. D) Natural Resources. Show Answer Correct Answer: B) Entrepreneur. 15. Which of the following does the dimension of expanding economic opportunities and increasing access to economic opportunities contribute to? A) Pagbabago (enhancing the social fabric). B) Malasakit (reducing inequality). C) Enhancing growth potential. D) None of above. Show Answer Correct Answer: B) Malasakit (reducing inequality). 16. Which South African country boosts nearly 1/2 of the world's gold reserves? A) Nigeria. B) Botswana. C) South Africa. D) Senegal. Show Answer Correct Answer: C) South Africa. 17. Would the following be included or not included in GDP? The purchase of a used tractor by a farmer. A) Included. B) Not included. Show Answer Correct Answer: B) Not included. 18. Apa judul buku yang memuat teori pertumbuhan ekonomi Walt Whitman Rostow?What is the title of Walt Whitman Rostow's book that contains economic growth theory? A) The stages of economic. B) The stages of economic growth. C) The economic growth. D) The economic income growth. Show Answer Correct Answer: B) The stages of economic growth. 19. What was opened in 2011, at a cost of £181million? A) Hills Road cycle lanes. B) The Bridge of Sighs. C) The Guided Busway. D) Improved A14. Show Answer Correct Answer: C) The Guided Busway. 20. What is the final stage in Rostow's stages of economic growth model? A) Traditional Society. B) Preconditions for Takeoff. C) Takeoff. D) High Mass Consumption. Show Answer Correct Answer: D) High Mass Consumption. ← PreviousNext →Related QuizzesMacroeconomics QuizzesEconomics QuizzesEconomic Growth Quiz 1Economic Growth Quiz 2Economic Growth Quiz 3Economic Growth Quiz 4Economic Growth Quiz 5Economic Growth Quiz 6Economic Growth Quiz 7Economic Growth Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books