This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Economic Growth > Economic Growth – Quiz 48 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Growth Quiz 48 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An ..... is someone who takes risks to start a new businesses. A) Investor. B) Entrepreneur. C) Resource. D) Capital. Show Answer Correct Answer: B) Entrepreneur. 2. A range between the different economic systems A) Economic Continuum. B) Economy. C) Economic Growth. D) Mixed Economy. Show Answer Correct Answer: A) Economic Continuum. 3. A business that is owned at least partially by investors. A) Corporation. B) Capital. C) Stock. D) None of above. Show Answer Correct Answer: A) Corporation. 4. What is the most accurate indicator of a nation's economic development? A) Per capita income. B) GDP. C) GNP. D) HDI. Show Answer Correct Answer: A) Per capita income. 5. The total dollar value of the goods and services produced in one year. A) Literacy rate. B) Gross Domestic Product. C) Natural resources. D) Human capital. Show Answer Correct Answer: B) Gross Domestic Product. 6. The total value of all the goods and services produced in a country in one year is ..... ? A) GAP. B) GSP. C) GDP. D) GOP. Show Answer Correct Answer: C) GDP. 7. What sectors does the UK mainly export A) Tertiary and Primary. B) Quaternary and Secondary. C) Primary and Secondary. D) Quaternary and Tertiary. Show Answer Correct Answer: D) Quaternary and Tertiary. 8. Which statement best describes the relationship between a country's investment in capital goods and its gross domestic product (GDP)? A) Investments in capital goods typically lead to a decrease in GDP. B) A decrease in GDP typically leads to investments in capital goods. C) Investments in capital goods typically lead to an increase in GDP. D) None of above. Show Answer Correct Answer: C) Investments in capital goods typically lead to an increase in GDP. 9. How can capital goods help an economy? A) Capital investments provide workers with the best and newest tools that they use to develop new products. B) Capital investment provides better education. C) Capital investment does not help economies. D) None of above. Show Answer Correct Answer: A) Capital investments provide workers with the best and newest tools that they use to develop new products. 10. What is the relationship between globalization and economic growth? A) Indirect and negative. B) No relationship at all. C) Direct and positive. D) Complex and can vary. Show Answer Correct Answer: D) Complex and can vary. 11. Why would a government invest in human capital? A) To improve the skills of the labor force. B) To reduce competition between businesses. C) To improve the technology used by businesses. D) To reduce prices of goods demanded by consumers. Show Answer Correct Answer: A) To improve the skills of the labor force. 12. Should developed countries help poor, third world nations without expecting debt repayment? A) Yes, it is their moral responsibility. B) No, it will lead to aid weariness. C) No, it will promote dependency on aid. D) Yes, only if it benefits their political interests. Show Answer Correct Answer: A) Yes, it is their moral responsibility. 13. The word "meager" in the passage is closest in meaning to A) Traditional. B) Primary. C) Very low. D) Very necessary. Show Answer Correct Answer: C) Very low. 14. What is the trade cycle also known as? A) The business cycle. B) The recession cycle. C) The economic cycle. D) The growth cycle. Show Answer Correct Answer: A) The business cycle. 15. Which country in SE Asia has the highest literacy rate? A) Japan. B) India. C) China. D) North Korea. Show Answer Correct Answer: A) Japan. 16. Which of the following will likely raise the GDP of a country? A) Picking trade partners. B) Tariffs and banking. C) Imports and exports. D) Investing in new technology. Show Answer Correct Answer: D) Investing in new technology. 17. Which of the following is true for Net National Income? A) The Net National Income is the total of Gross National Product and Depreciation. B) The Net National Income is the difference between Gross National Product and Depreciation. C) The Net National Income is the difference between Gross Domestic Product and Depreciation. D) The Net National Income is the difference between Net Domestic Product and Depreciation. Show Answer Correct Answer: B) The Net National Income is the difference between Gross National Product and Depreciation. 18. What are some challenges faced by Bangladesh in becoming the richest country? A) Low population, advanced infrastructure, minimal corruption. B) Corruption, political instability, poverty, infrastructure development, and environmental issues. C) Abundance of natural resources, effective environmental policies, low poverty rate. D) High literacy rate, strong economy, stable government. Show Answer Correct Answer: B) Corruption, political instability, poverty, infrastructure development, and environmental issues. 19. ..... is a necessary but not sufficient condition of economic development. A) Economic Growth. B) Economic Development. Show Answer Correct Answer: A) Economic Growth. 20. Which goal was included in the presentation? A) Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment. B) By 2020, substantially reduce the proportion of youth not in employment, education or training. C) Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors. D) Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all. Show Answer Correct Answer: C) Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors. ← 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