Global MCQ Practice

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Economic Growth Quiz 63 (25 MCQs)

Quiz Instructions:

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1. Actual economic growth is a situation where an economy's growth is fueled by high total spending in an economy.
2. Which statement below describes entrepreneurship?
3. TX Declaration of Independence 1836US annexes Texas 1845Gadsden Purchase 1853? 1861 Which event best replaces the question marks in the timeline above?
4. Brownville's GDP impressively increased 9.2% from 2006 to 2007. This fact supports which statement about Brownville's workforce?
5. Which part of Europe has the lowest literacyrates?
6. Long-run growth shows an increase in the trend rate of growth
7. The total dollar value of all goods and services produced in one year defines what _____ ?
8. The diagram shows a country's production possibility curve and a number of alternative production points. Which change in the country's output would be most likely to lead to a fall in potential growth?
9. What is the main objective of the Marshall Plan in post-World War II Europe?
10. What is Nominal GDP?
11. MOST LIKELY if a country has a high literacy rate they will have a
12. In the Lewis model, what does the term "surplus labor" refer to
13. During times of economic recession the unemployment rate usually
14. Saudi Arabia's specializes in the oil production. The government maintains training programs to ensure that workers have the skills needed to produce oil. This is an example of investing in what?
15. Tools used in the production of goods and services
16. Lumber is an example of this
17. Can a desk be considered human capital?
18. When labour supply curve shifts left, equilibrium price will _____ and equilibrium qty of labour will _____
19. The maximum potential output of the economy is the definition of what?
20. Potential growth measures
21. The index to measure economic well-being is _____
22. The measurement of the annual income of citizens in acountry
23. Which of these might indicate that the national economy is stable?
24. How do you work out rate of growth?
25. What is a key objective of inclusive growth policies?
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