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Economic Growth Quiz 57 (25 MCQs)

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1. Which of the words below describe the performance of China's retail sales?
2. If real GDP in 2018 is $100 and real GDP in 2019 is $125, how much did real GDP change by?
3. Starts individual socio-economic mobility and growth. Starts to become possible to climb socio-economic classes.
4. Natural resources are the materials that _____, such as land, forests, minerals, water, etc.
5. Which country has the largest per capita GDP
6. What is the production possibilities curve?
7. What occurred soon after the formation of the Organization of the Petroleum Exporting Countries (OPEC)?
8. In division of labour, each worker handles a specific task
9. A newspaper reports that there has been economic growth in an economy.What does this mean to an economist?
10. Poor decisions made about how to organize farming in North Korea have resulted in many years of:
11. What is one consequence of a recession?
12. The process of improving the quality of all human lives and capabilities by raising people's levels of living, self-esteem and freedom.
13. Which of the following factors will not shift the AD curve right?
14. An advance in technology will cause:
15. What mostly drives UK economic growth
16. What is the Gini Coefficient of Cambridge?
17. According to the article, what is the easiest way for countries to extend the effects of a "working-age bulge" and boost their demographic dividend?
18. In the UK, the economic growth rate for the third quarter of 2019 was-0.2%. Economic growth occurs when there is an increase in
19. Which countries have the highest unenployment rates?
20. This political ideology focuses on using the power of the democratically elected government to protect the interests of the poorest citizens, limit the negative side effects of capitalism, and redistribute wealth.
21. The Australian economy has experienced _____ in 2020
22. Updating Factories
23. Which SE Asian country does not follow the regular theory that a high literacy rate usually equals a high standard of living?
24. Structural unemployment is
25. Economists measure economic growth primarily using:
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