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Economic Growth Quiz 27 (25 MCQs)

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1. What is a problem with using GDP as a measure of living standards?
2. What is Not an example of Capital goods?
3. What does urbanization mean?
4. Spends money on non-essential goods (consumerism).
5. Based on what you know about literacy rates, which country probably has the highest standard of living-South Africa, Kenya or Nigeria?
6. Impact of vertical integration on a business.
7. Type of unemployment that occurs as a result of harvest schedules, or lack of hotel bookings in winter.
8. Why can be done to keep the economy stable and safe?
9. The measurement of economic growth is remove the effects of inflation.
10. What is Gross Domestic Product?
11. Real GDP per capita means
12. Which of the following is not part of the circular flow of income in an economy?
13. Where is nearly one-half of the world's gold reserve located?
14. Doubling L with trade in a small L-sufficient country:
15. The late 1800's civil rights leader that believed in the "talented tenth" becoming leaders through an intellectual academic pursuit at university was _____
16. Despite their increasing presence in public life, women continue to do _____ times the unpaid care and domestic work that men do.
17. _____ workers have some training in using tools or machines.
18. On a Production Possibility Curve (PPC), how is economic growth illustrated?
19. A country with a (a) tends to have a higher standard of living.
20. Which of the following is a key policy tool for inclusive growth?
21. Governments spend _____ revenue on services such as education.
22. Overall, starting a new business in Israel and Saudi Arabia is (easier/harder) than the world average.
23. What can happen to unemployment when the economy slows down?
24. Things that are made or grown and then sold.
25. Most countries measure economic growth each quarter
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