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Economic Growth Quiz 43 (25 MCQs)

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1. A government could improve _____ and training as part of supply-side policies.
2. Small portion of ownership in a company purchased by an investor.
3. Syria has not built new factories or used new technology in many years. What is the country NOT investing in?
4. What do you call a person who takes risks by starting a new business?
5. True or False? Entrepreneurs create jobs for the population.
6. The Economy depends on the people because they are the ones who spend most of the _____
7. The capital-output ratio in a country during the different phases of growth
8. Which country does not provide enough money for education?
9. Which of the following changes is most likely to shift the AD curve to the right?
10. _____ on the other hand comprises of improvement in the quality of life with the increase in the real output. Economic measures include HDI, IHDI, CPI, GDP-PC, etc.
11. The knowledge and skills possessed by people that places value on them in the job market is _____
12. Economic growth is measured by
13. _____ was a leader in the steel industry.
14. What factors can cause economic growth?
15. What did increased production efficiencies lead to in the 1920s?
16. One of the key aims of the Australian government is to ensure that as the population expands, sufficient goods and services are available to satisfy needs and wants and new jobs are created for those who enter the workforce.
17. What is the ultimate effect of capital deepening?
18. How do we measure economic growth and development?
19. What role did railroads have in Texas?
20. This reflects the value of goods and services produced in a year in a nation by an average person.
21. Which economic policies were implemented during the 1920s?
22. Which of the following policies is a supply-sided policy and can be used for economic growth
23. If GDP is £300 billion and the population is 30 million. What is GDP per capita?
24. Marta graduated from the School of Culinary Arts in New York City. Marta wants to return to Cuba and open a bakery in her home town. Marta's brother, Federico, has started two new businesses in Cuba. He tells Marta that she should think hard about the business before she invests and risks her money in a bakery.What would Marta be MOST concerned with as an entrepreneur?
25. How do economists measure the health of a country's economy?
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