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Economic Growth Quiz 8 (30 MCQs)

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1. The table shows the figures for consumption, capital formation and depreciation in four economies, all measured in US $ .Assuming that the state of technology remains unchanged, which economy is most likely to experience economic growth?
2. The Japanese government spends millions of dollars each year on technology for its computer industry.
3. The word key in the passage is closest in meaning to
4. Which will likely raise the GDP of a country?
5. What is the term used to describe two successive quarters of negative growth?
6. What must you do in order to purchase goods or services when visiting a country which uses a currency different from your own?
7. What best refers broadly to all new methods of production, which include major scientific inventions but also small inventions and even better forms of management or company organization?
8. Which country is rapidly greying and has a GDP per person of just $ 7, 000 in 2021?
9. Which is an example of investing in physical capital by a company?
10. What was the main contributing factor for population growth in Texas from 1900-1930?
11. In Country B, the government has offered incentives to companies that invest in improved technology and machinery in their factories. What factor of economic growth is the country working to improve?
12. Draw conclusions based on the results of the study
13. Why would a federal government decision to increase spending be a matter of macroeconomic policy?
14. What are the challenges faced in achieving sustainable industrial and economic growth?
15. The total value of all goods and services produced within a country during a year is known as .....
16. Israel continuously upgrades roads, bridges, and transportation systems to allow for efficient transport of goods throughout the country. This is and example of investing in .....
17. What was the total income of the BRIC countries in 2001 as a percentage of the world income?
18. Which country has invested capital goods toward oil and natural gas (energy sector)?
19. BMW recently decided to build a manufacturing plant in Shenyang, China. At this plant, BMW is able to take advantage of paying lower wages to its Chinese workers than it pays its German workers, but it also sacrifices the high levels of technical training possessed by its German workers. In deciding to open the Shenyang plant, BMW.
20. Why is Uranium easier to mine than gold?
21. Which of the following would not tend to lift Australia's long-term, sustainable rate of economic growth?
22. What impacts human capital?
23. GDP per capita is a measure that considers ..... ?
24. Labor productivity can be incresed by increasing training and education in workers, and investing in their health or incomes.
25. What is NOT an example of human capital?
26. Which factor has been least associated with the rapid growth of many economies recently?
27. A firm purchases a new photocopier for its printing room. Which of the following components of aggregate demand would increase?
28. If a reporter interviewed a member of the General Assembly, what question might he ask?
29. What would be most likely to stimulate long-run growth in an economy?
30. The services included in economic infrastructure is/ are
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