Global MCQ Practice

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Economic Growth Quiz 31 (25 MCQs)

Quiz Instructions:

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1. Calculate GDP per capita if GDP is £200 billion and the population is 40 million.
2. How did the U.S. government pay for the construction of the Transcontinental Railroad?
3. What must happen before high quality and high paying jobs can exist?
4. Manufacturing system where workers stay in one place as products pass along a track.
5. The following information is taken from the national accounts of Zambibia:C = R200 millionI = R50 millionG = R150 millionX = R200 millionM = R180 million Gross Domestic Expenditure is
6. When workers are represented by their union during negotiations.
7. Which of the following is NOT included when calculating GDP for the United States
8. Is that what you earn before taxes and other expenses, or is that your _____ salary?
9. How do capital goods influence economic growth?
10. Which of the following BEST describes physical capital?
11. How is high GDP per capita linked to quality of life?
12. What is a negative output gap?
13. When a county invests in education for it's citizens, what is it increasing?
14. Methods of measuring GDP include:
15. The value of spending on Australian exports (X) is likely to rise if:
16. Which measure of national income accounts for income earned by domestic workers abroad?
17. Which of the following is among the root causes of poverty in the United States?
18. What is Standard of Living?
19. Which combination of factors is most likely to result in economic growth?
20. Investment in human capital and capital goods leads to:
21. What is the main goal of Indonesia by 2045?
22. Identify the reason for a rapid economic growth from the following.
23. What was a result of railroads being built in Texas?
24. A country wants to increase its gross domestic product (GDP). The government votes to lower corporate taxes. It also makes it easier to start businesses by reforming regulations. To help business owners succeed, the government also provides training programs on how to run a business. What is this country trying to do?
25. Climate change impacts tend to be regressive, falling more heavily on the poor than the rich
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