Economic Growth Quiz 22 (25 MCQs)

Quiz Instructions:

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1. Abe loves the outdoors and participates in many types of recreation. What region of Virginia is best known for its recreation industry?

2. How much money do the businesses in Dharavi contribute to Mumbai's economy per year?

3. The measurement of the annual income of citizens in a country

4. What was the goal of the Dawe's Act?

5. Which factor is NOT a cause of potential economic growth?

6. Starts to improve farming techniques and shift more towards commercial agriculture.

7. Main/critical/fundamental issue

8. Fiscal policy addressing an inflationary gap might involve:

9. Which of the following contributed MOST to the decrease in Buffalo in the West?

10. Excluding the agricultural sector, _____ percent of all workers fell into this employment category.

11. If a country is experiencing a recession, which of these might be observed?

12. True or False:Irish and Chinese immigrants mainly built the Transcontinental RR.

13. Which country specializes in fishing?

14. Which area in Mumbai is home to over 5000 small-scale businesses and factories?

15. _____ was a muckraker that exposed the corruption of politicians like "Boss" Tweed.

16. Skills, education, and experience of workers-labor, cook, librarian, teachers, coach

17. What is a country investing in if they spend money on solar energy to power government offices?

18. Just doubling the amount of L under constant returns to scale:

19. Which of the following can BEST be inferred from this map?

20. When economists look at inflation, the focus is on the _____

21. The activity of creating a new business

22. What is the definition of GDP?

23. At which stage of the economic cycle would you expect to see demand for goods and services begin to rise again?

24. Which is not a determining factor for economic growth? Which option does not contribute to economic growth?

25. An innovation is