Global MCQ Practice

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Economic Growth Quiz 70 (25 MCQs)

Quiz Instructions:

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1. An import _____ is a tax aimed to reduce imported goods.
2. Which of the following is the term for "the value of the output of all goods and services produced within a country in a year"
3. Given a government spending investment on infrastructure of £10 million, with a final GDP increase of £45 million, find the MULTIPLIER.
4. The _____ amendment started prohibition.
5. Which factor of economic growth is All of the things found in or on the earth; "gifts of nature" ?
6. What are the factors that can cause fluctuations in actual growth?
7. What is not a leakage from the circular flow of income?
8. What is the BEST way for a country to encourageeconomic growth in its private sector?
9. If Israel's literacy rate is high, what can be concluded about their standard of living in Israel?
10. How much share/assets can a foreign investor own for corporations in the Philippines in general?
11. What is South Africa's main export
12. If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?
13. Why are literacy rates for girls lower than those for boys in both Kenya and Sudan?
14. Foreigners cannot fully own land in the Philippines.
15. What was the primary goal of the Dawes Act?
16. What is a major issue with using Green GDP as a measure of economic growth?
17. The total market value of goods and services produced is _____
18. What is the potential output of an economy?
19. What are the characteristics of a successful entrepreneur?
20. In a traditional economy, how are economic decisions made? In a traditional economy, how are economic decisions made?
21. _____ are long-term changes in systems of production and distribution of goods and services that affecting human welfare.
22. Which country was the earliest to reach the maturity stage according to Rostow's model?
23. What measuring instrument can be used to assess the level of economic growth in a country? What method can be used to assess economic growth of a country?
24. Which of the following is a type of aid that involves extension on a loan, reduced rates of interest or an agreement not to repay some of the loan?
25. What is the risk of double counting when using GDP as a measure of growth?
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