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Economic Growth Quiz 52 (25 MCQs)

Quiz Instructions:

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1. Which one of these is NOT a reason for the inaccurate reporting of is National Income data?
2. The German government has provided education and job training to people. How did the German government try to improve its economy?
3. Which choice below is an example of a capital good?
4. An example of investing in capital goods is _____
5. _____ is focused on the accumulation of material resources. It is an increase in real output of the country. Economic measures include GDP which is the measure of total goods and services produced in an economy within a given time
6. An inward shift of a nation's production possibilities frontier can occur due to
7. Inclusive economic growth primarily aims to:
8. What is given up if the savings rate is high?
9. What can be an impact of a rising literacy rate within a nation?
10. Which statement most accurately describes the role of entrepreneurship in Latin America?
11. A smartboard is an example of a
12. Machinery, tools, and trucks to transport goods are examples of which of the four factors of economic growth?
13. Why is human capital important for economic growth?
14. Australia and Canada both invest in capital goods at higher rates than Ethiopia. Based on this fact, which conclusion below explains what would be most logical?
15. The literacy rate for the region of Latin America is 90%. Country A has a literacy rate is 51%. Which statement best reflects these factors of economic growth in Country A?
16. Technical progress that increases the productivity of L proportionally more than the productivity of K is called:
17. An economy's output gap moves from being positive to negative. The most likely reason for this is that?
18. The more a country invests in its capital goods, the _____ and higher the GDP
19. Which diagram best fits the following change:industrial pollution destroys the environment
20. What is a key feature of sustainable economic growth?
21. What does GDP per capita include
22. "to contribute, promote or help" means _____
23. Real GDP is when
24. Economic growth is a situation where an economy's real GDP increase.
25. A cost to economic growth are negative externalities
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