Economic Growth Quiz 40 (25 MCQs)

Quiz Instructions:

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1. A country can increase it's capital goods by investing in what?

2. What are the main factors that can affect economic growth?

3. Which of the following is NOT a macroeconomic objective?

4. Who were the "Bosses of the Senate" that are being referred to in this cartoon?

5. According to the article, what measures can develop countries take to prepare for an aging population? (Select ALL that apply.)

6. Economic growth is defined as?

7. Based on your knowledge of African economies, which countries correctly complete the table?

8. The percent of a nation's population over the age of 15 who are able to read and write.

9. A government could help create economic growth by doing the following:

10. The act of assuming the risk of organizing productive resources to produce goods and services.

11. The following list is describing which factor of production:education, health, and showing up ready to work?

12. Prohibiting the export of NICKEL mining materials is one of the efforts of President Jokowi's government to

13. All of the economic inputs that are required to produce goods and services are called:

14. What can a bank provide for an Entrepreneur.

15. Human beings can solve problems that machines cannot.

16. Short run aggregate supply increases also create short run economic growth. For example, a fall in the price of oil reduces production costs

17. A country investing in new machinery

18. Which of the following is not a leakage from the circular flow of income?

19. Often referred to as Physical Capital, what best includes the plant and equipment that firms use as well as things like roads?

20. Which group of countries was expected to experience strong economic growth along with the BRIC countries?

21. What are the key indicators of industrial and economic growth in a country?

22. A business method that focuses on buying businesses involved in every step of the production process for a final product.

23. What are the three economic questions?

24. Which country in Africa produces the most oil?

25. What is primarily responsible for shifting the economy's PPC to the right?