Economic Growth Quiz 53 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Which answer choice below defines human capital?

2. Mexico:$9, 00

3. The rate of growth of an economy mainly depends upon

4. Which one of these is NOT a sign that living standards are improving?

5. The phrase "an English innovation" in the passage is closest in meaning to

6. What is a concern related to aid weariness?

7. The costs and benefits of economic growth are best evaluated in the context of _____ ?

8. Define GDP per capita

9. Factories are an example of human capital.

10. According to the normal relationship, if Iran decided to invest money in education and training, how would their GDP likely be affected?

11. The national income can be measured by the expenditure method which involves the sum of the following expenditures:

12. What are the two sections of every economy?

13. GDP is often measured as "GDP per capita" . This is the GDP divided by a countries _____

14. What major political issue does the 13th, 14th and 15th Amendments cover?

15. Why is a country better off if they can use their own natural resources?

16. What is one criticism of Rostow's stages of economic growth model?

17. According to the article, China's economy is doing _____ than the economy of other countries.

18. Which of these factors affect economic growth

19. Entrepreneurship involves:

20. How were Native American nations regionally divided?

21. Which of the following contributed MOST to this process toward territories gaining statehood?

22. When labour demand curve shifts left, equilibrium price will _____ and equilibrium qty of labour will _____

23. What allows companies to manufacture products much faster than before the use of technology?

24. A benefit of economic growth is that wages and employment will rise

25. Long-term impact of child labor.