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Economic Growth Quiz 6 (25 MCQs)

Quiz Instructions:

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1. Which among the following countries would probably have the lowest HDI?
2. Business hub is needing no outside help in satisfying one' s basic needs.
3. How to calculate GDP?
4. Who was the first African American governor in the United States?
5. The Human Development Index uses all these indicators to measure the human standard of living EXCEPT:
6. Long-run growth is caused by an increase in the capacity or productive potential of the economy
7. What is the role of oil in a country's economy?
8. A recession is defined as:
9. In 2003 Japan experienced a decline in economic output.What might cause a decline in economic output?
10. Capital Deepening is the process of?
11. How does human capital influence GDP?
12. Define livings standards
13. How does human capital influence economic growth?
14. Act of combining productive resources to make goods and services
15. What are the benefits of economic growth for consumers?
16. What is human capital?
17. Which of the following is an injection into the circular flow of income?
18. Doubling L is likely to:
19. The talents, skills, and labor of people that can be used toproduce goods and services
20. What are some challenges to achieving economic development in developing countries?
21. Which of the following is the equation for the multiplier?
22. What is a recommended policy for addressing inequality?
23. Which activity is an example of investing in physical capital by a company?
24. Which headline below would MOST LIKELY be used to describe a country that will experience future economic growth?
25. Which population has the LOWEST human capital?
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