Economic Growth Quiz 16 (25 MCQs)

Correct Answer: C) The Production Possibility Curve.

Correct Answer: C) GDP does not account for informal economy, non-market transactions, income distribution, quality of life, and environmental impact.

Correct Answer: B) Stage 5:High Mass Consumption.

Correct Answer: B) True.

Correct Answer: B) Legislative branch.

Correct Answer: C) By offering better education.

Correct Answer: B) C represents private household consumption of, for example, take-away food, shelter, cars, holidays and clothes.

Correct Answer: A) Can read & write.

Correct Answer: B) 5.6 %.

Correct Answer: C) She went with her cattle on the trail drive to the market.

Correct Answer: D) Natural resources.

Correct Answer: B) Capital resources.

Correct Answer: C) \parbox{\linewidth}{\centering \includegraphics[width=.35\columnwidth]{Figure/504.jpg}}.

Correct Answer: A) Yes, I understand this from the notes.

Correct Answer: B) Decreased national income.

Correct Answer: D) There is a low standard of living.

Correct Answer: B) True.

Correct Answer: D) Countries with a lot of oil tend to have fewer environmental issues.

Correct Answer: C) The main subtopic of the article is climate change.

Correct Answer: D) Real GDP.

Correct Answer: B) Savings method.

Correct Answer: D) The Bretton Woods Agreement.

Correct Answer: B) The higher the standard of living.

Correct Answer: A) Yes, I understand this from the notes.

Correct Answer: B) Rupee.