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Economic Growth Quiz 64 (25 MCQs)

Quiz Instructions:

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1. How are goods transported to Mumbai from the rest of India?
2. What is the role of entrepreneurs in a capitalist society?
3. What can a government do in order to ensure economic growth?
4. _____ was a leader in the hair care product industry.
5. Economic growth MOST directly leads to
6. What does obsolete mean? This is what describes North Korea's capital goods.
7. What contributed to increased production efficiencies during the 1920s?
8. Productive Resources
9. Economic growth guarantees development occurs for all people.
10. What happens when countries have a higher GPD
11. In order for a country to have an increasing GDP, it can't invest in human capital through education & training, and it must produce goods that have value to be sold within the country or exported.
12. If a country does not invest in its human capital, how can it affect the country's gross domestic product (GDP)?
13. What would cause AD to decrease?
14. Which one is the correct formula to calculate economic growth rate
15. Which of the following is a measure of economic growth?
16. What are some of the economical problems the pandemic brought?
17. What are the four types of economies?
18. Economic growth becomes greater than population growth.
19. A price index determined by measuring the price of a standard group of goods meant to represent the market basket of a typical consumer.
20. How do entrepreneurs impact a country's GDP?
21. The measure of goods and services produced ina country within a year
22. What is a method to increase economic growth?
23. Investing in Technology
24. Due to a cyclical downturn, a government is experiencing a budget deficit.If the government wishes to stimulate aggregate demand, which policy would be most effective?
25. Write a statement that describes the relationship between a country's investment in human capital, capital goods and it's GDP.
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