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Economic Growth Quiz 9 (25 MCQs)

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1. What are the factors that contribute to economic growth?

2. How is saving linked to increased capital?

3. According to W.W. Rostow, the stages of economic growth are

4. Use of technology starts to become more common and widespread.

5. How are entrepreneurs important to a country's growth?

6. Which of these countries had the best income equality

7. If a country has not built new factories or used new technology in many years, then the country is not investing in what?

8. I know what is meant by positive output gap, and I am able to draw this on an aggregate demand and aggregate supply diagram

9. When economy outlook is good and more foreign companies are opening up, there will be a/an:

10. 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?

11. The Japanese government spends millions of dollars each year on technology for its computer industry.

12. The word key in the passage is closest in meaning to

13. Which will likely raise the GDP of a country?

14. What is the term used to describe two successive quarters of negative growth?

15. What must you do in order to purchase goods or services when visiting a country which uses a currency different from your own?

16. 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?

17. Which country is rapidly greying and has a GDP per person of just $7, 000 in 2021?

18. Which is an example of investing in physical capital by a company?

19. What was the main contributing factor for population growth in Texas from 1900-1930?

20. 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?

21. Draw conclusions based on the results of the study

22. Why would a federal government decision to increase spending be a matter of macroeconomic policy?

23. What are the challenges faced in achieving sustainable industrial and economic growth?

24. The total value of all goods and services produced within a country during a year is known as _____

25. 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 _____

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Economic Growth Quiz 9 (25 MCQs)

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