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Economic Growth Quiz 14 (25 MCQs)

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1. The (value of exports-value of imports) is also used to calculate GDP.
2. Which of the following is a criticism of using expansionary fiscal policy?
3. America's _____ is calculated by adding up consumer spending, government spending, national investments and net exports.
4. Who would be most likely to OPPOSE the concept of 'Free Silver' and the Populist Party?
5. A calculation of what a nation is worth
6. A nation with a high GDP invests in human capital
7. "per capita" means
8. A country that wants to focus on policies promoting economic growth should prioritize _____ ?
9. True or False:Robber Barons used both vertical and horizontal integration to form their monopolies.
10. When economic growth is high in a country which of the following would you NOT expect to see?
11. Climatic extremes
12. What is meant by Low Capital Formation?
13. If China's economy is larger than that of Taiwan, then it MUST be true that
14. Boomtowns were mostly occupied by:
15. What entitlements do individuals have that affords them the opportunity to enter into agreements with others regarding the use of their property providing recourse through the legal system in the event of noncompliance?
16. What factor of economic growth is People who provide the money to start and operate a business?
17. Improved standard of health care would be included in which measure of economic growth?
18. Greater leisure time would be included in which measure of economic growth?
19. Man-made resources used in the production process i.e. machines in a factory.
20. The three main determinants of growth are
21. What is the main policy to deal with economic recession?
22. Which person demonstrated entrepreneurship?
23. A country investing in the health of their citizens.
24. Given MPM = 0.3, MPS = 0.2, and MPT = 0.2 Given an injection of £20 million in exports.Find the FINAL GDP increase.
25. What effects occurred as the result of the Galveston Hurricane?
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