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Economic Growth Quiz 10 (25 MCQs)

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1. What was the total income of the BRIC countries in 2001 as a percentage of the world income?
2. Which country has invested capital goods toward oil and natural gas (energy sector)?
3. BMW recently decided to build a manufacturing plant in Shenyang, China. At this plant, BMW is able to take advantage of paying lower wages to its Chinese workers than it pays its German workers, but it also sacrifices the high levels of technical training possessed by its German workers. In deciding to open the Shenyang plant, BMW.
4. Why is Uranium easier to mine than gold?
5. Which of the following would not tend to lift Australia's long-term, sustainable rate of economic growth?
6. What impacts human capital?
7. GDP per capita is a measure that considers _____ ?
8. Labor productivity can be incresed by increasing training and education in workers, and investing in their health or incomes.
9. What is NOT an example of human capital?
10. Which factor has been least associated with the rapid growth of many economies recently?
11. A firm purchases a new photocopier for its printing room. Which of the following components of aggregate demand would increase?
12. If a reporter interviewed a member of the General Assembly, what question might he ask?
13. What would be most likely to stimulate long-run growth in an economy?
14. The services included in economic infrastructure is/ are
15. What's the average salary per week in South Cambridgeshire?
16. Why is economic growth important?
17. What is the literacy rate of Saudi Arabia?
18. Which of the following is the cost of economic growth
19. Creates new industries while strengthening the existing ones.
20. Samuel Gompers was the founder of _____
21. Which of the following is NOT part of GDP definition?
22. Cody buys a new baler for his cotton field.
23. The stated goal of the Organization of Petroleum Exporting Countries is to
24. What percentage of India's international trade goes through Mumbai?
25. For a given population and a given quantity of labor employed, what will happen to aggregate production and income per capita if there is an increase in a nation's capital stock?
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