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Economic Growth Quiz 62 (25 MCQs)

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1. What does the expenditure method of measuring GDP include?
2. What is one solution for welfare costs?
3. What is the difference between claimant count measure and labor force survey measure in measuring the unemployment?
4. The separate emirates were called Trucial states
5. Investing in the humans who produce goods or services
6. An increase in the number of workers produces_____
7. Routes taken to get cattle to auction is called
8. Countries with strong, well-funded education systems generally have
9. A positive output gap puts up with pressure on inflation
10. What is represented on the x-axis on the AD/AS Model?
11. Between 2002 and 2007, approximately 18 million Latin American households moved out of poverty.Which change in the region is most likely to have caused this fall in poverty?
12. The supervisor explained to Greg, the owner, they were waiting for the repairman to come and fix the hydraulic press that stamped the grommets out of steel. The supervisor explained that it was the sixth time in the last three months the press had broken and stopped production.
13. Which of the following is famous for saying, "I will fight no more forever" ?
14. True or False:Entrepreneurship can stimulate economic growth by creating new jobs and industries.
15. What is the difference between GNI and NNI?
16. What is the immediate reason that some countries are rich?
17. What is the consequence of a country aging before growing rich?
18. Real GDP may increase for two different reasons:The economy may return to full employment in the expansion phase of the business cycle or potential GDP may increase.
19. How has the Saudi government used its national wealth to change the country?
20. What is one of the reasons for the limited economic growth of the BRIC countries after 2010?
21. Samuel Morse invented the _____
22. Which of the following would be likely to lead to a fall in the level of exports?
23. It is risky and expensive to be an entrepreneur because they often _____ (or borrow it) to start their business
24. A naturally-made item, such as a tree, mineral, or fresh water, that people can use to help meet a need or want
25. Through which of the following combinations do firms produce output?
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