Economic Growth Quiz 17 (25 MCQs)

Quiz Instructions:

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1. What does Real GDP measure?

2. Many African American inventors were unable to benefit from their discoveries and innovation because of difficulties

3. Check the three types of capital that create economic growth.

4. Which two groups of people are represented in the circular flow model?

5. An economic exchange in which all sides agree to participate because they expect to benefit.

6. Which of the following is NOT a cause of economic growth?

7. What will directly result in an increase in China's Gross National Product?

8. According to paragraph 7, until the eighteenth century, it was the principal function of which of the following to provide funds for the state?

9. Which best describes standard of living?

10. Remaining after deducting taxes and other expenses.

11. How does technology contribute to economic growth?

12. The Cold War created a sense of friendship in both countries.

13. The percentage of the population that can read and write is called _____

14. Short run growth is known as actual growth

15. True or False-Uranium is radioactive?

16. _____ can be measured by an increase in a country's GDP

17. Which of the following are likely consequences of economic growth?

18. Which of the following is MOST likely to be true in a country with a high literacy rate?

19. True or False:The battle at Little Big Horn was the Sioux's greatest defeat.

20. Net Social Welfare is:

21. Which of the following is a drawback of economic growth?

22. What is the title of the article mentioned in the text?

23. In an economy with a positive output gap

24. Which of the following is least likely to be part of a market-based supply-side approach to economic development?

25. Jonathan is joining the U.S. Navy in September. In which region of Virginia will he most likely be stationed?