Economic Growth Quiz 75 (25 MCQs)

Correct Answer: B) The total dollar value of all goods and services produced by a country in one year.

Correct Answer: D) Investment in physical and human capital, technological advancements, government policies, natural resources, and international trade.

Correct Answer: D) Mexico.

Correct Answer: B) The higher the literacy rate the higher the standard of living.

Correct Answer: D) History, ideas, culture, geography, and luck.

Correct Answer: B) Human Capital.

Correct Answer: D) The spread of disease.

Correct Answer: A) True.

Correct Answer: A) Production Possibilities Curve.

Correct Answer: D) Less investment in education.

Correct Answer: A) Strong and sustained economic growth.

Correct Answer: A) Land set aside by the U.S. government for Native Americans to be relocated onto.

Correct Answer: C) Bananas.

Correct Answer: C) It enables firms and economies to expand their production capacities.

Correct Answer: A) Standard of living.

Correct Answer: D) Ghost Dance.

Correct Answer: B) Natural resources.

Correct Answer: D) It combines both social and monetary economics.

Correct Answer: B) Looking at a nations GDP and GDP per capita.

Correct Answer: D) All of the above.

Correct Answer: B) GDP.

Correct Answer: A) 2030.

Correct Answer: A) Property rights, honest government, political stability, a dependable legal system, and competitive and open markets.

Correct Answer: D) Stage 5:High Mass Consumption.

Correct Answer: B) Investment.