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Economic Growth Quiz 19 (25 MCQs)

Quiz Instructions:

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1. Why were many Americans distrustful of unions during the Industrial Age?
2. Which formula is the correct way to measure economic growth rate?
3. Which of the following best describes the term "strong" in the context of strong and sustainable economic growth?
4. How does an outward shift of the Production Possibility Curve (PPC) relate to economic growth?
5. Which policy might not promote economic growth?
6. As per Leibenstein's theory of critical minimum effort, every economy is influenced by two forces
7. What is the primary goal of expansionary monetary policies?
8. Why, despite the fact that there was no major damage, did the Stono Rebellion become such a major concern for the white population?
9. What are some environmental consequences of economic growth?
10. Which developing country is aging even faster than Thailand?
11. What can affect economic growth if a country is at war?
12. How does income inequality affect economic growth?
13. What is an important factor in the economies of Saudi Arabia and the UAE?
14. What is considered one cause of inflation?
15. What part of Europe has high literacy rates?
16. What is physical capital in economics?
17. Comparing prices adjusted for inflation is shows the _____
18. Which of the following is NOT a focus of the Updated Philippine Development Plan for 2017-2022?
19. Define potential growth
20. Which of the following about strategy of balanced growth is right
21. A government achieves a high rate of economic growth.How may this conflict with other government aims?
22. The level of private consumption spending (C) and the rate of economic growth are likely to fall if there was a:
23. This reflects material living standards
24. What is one way to measure average labor productivity
25. It shows trends of how a nation's growth rates change over time.
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