Global MCQ Practice

Home > Finance > Economics > Macroeconomics > Economic Growth > Economic Growth – Quiz 20
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Economic Growth Quiz 20 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Which one was the topic?
2. Which country is considered an important station for trading ships?
3. What are natural resources (water, oil, metals, minerals, plants, climate, etc.) produced by?
4. Continuous improvements in advanced energy, transportation, and communication systems.
5. What are the characteristics of a boom in the business cycle?
6. The UAE produced its own _____ for cars.
7. Oil is an important resource found in which country?
8. Which of the following is the benefit of economic growth?
9. According to Rostow's stages of economic growth model, what is the first stage of development?
10. An increase in the rate of economic growth requires an increase in the _____ of the factors of production.
11. Oliverland has a $1000 GDP and their workers put in 250 hours of labor. Theaville has a $2000 GDP and their workers put in 400 hours of labor. Who is more productive?
12. Explain how technological advancements can impact economic growth.
13. In the late 1800s, the Populist movement arose out of the concerns of
14. _____ was a leader in the RR and shipping industries.
15. According to Lewis's model, the dual economy grows only when
16. If exports from New Zealand increased, what would most likely happen to real gross domestic product and price level? Real GDP / Price Level
17. Inflation leads to people's real incomes falling money incomes do not rise.
18. Most people in developing nations earn their living by-
19. A cost to economic growth is that finite resources may be used up
20. The things that nations invest in to increase productivity and manufacture things more efficiently are _____
21. A cost to economic growth is income inequality
22. What are net exports?
23. If someone says that the country of China is worth over $12 trillion dollars, they are talking about their
24. If we create real economic growth, should we see price increases?
25. S + T + M > I + G + X means that the national income will
← PreviousNext →

Related Quizzes

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books