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Economic Growth Quiz 59 (25 MCQs)

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1. What is a country's GDP divided by its population called?
2. Supply-side fiscal policies affect aggregate demand, aggregate supply, and potential output in the short run and long run by influencing _____ that affect household and business economic behavior.
3. True or False:Until laws were passed to protect laborers, the police and courts sided with companies if there was a disagreement.
4. What animal made it easier for Native American tribes to hunt the buffalo?
5. Labor demand is_____
6. Gross Domestic product is the total value of goods produced and services provided in a country
7. Which of the following were the impacts the Continental Railroad had on the US?
8. South Africa's role in the international gold market is relatively stable due to which of the following?
9. Which of the following best explains the term Marginal Propensity to Consume?
10. The GDP (Gross Domestic Product) is:
11. The family is the first place we gain education.
12. What are the four factors of production that influence economic growth within a country?
13. Which of the following statements best describes fiscal policy?
14. The level of wealth and material comfort available.
15. In Australia, what is the proportion of consumption (C) in national income?
16. If someone says that Japan's citizens make an average of $48, 919 a year, they are describing Japan's _____
17. The 'big-push' strategy of development was first advocated by
18. What is the role of entrepreneurship in economic growth?
19. What is the role of government policies in economic development?
20. What is Schumpeterian Destruction?
21. According to paragraph 8, each of the following was a source of funds used to finance economic expansion EXCEPT
22. What are the benefits of economic growth for firms?
23. GDP + earnings from overseas is _____
24. The total market value of the goods and servicesproduced by a country in a specific year
25. It is the movement of people from rural areas to urban areas with the aim of finding jobs.
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