This quiz works best with JavaScript enabled. Home > Development > Growth > Economic Growth – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Growth Quiz 15 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. GDP per capita means A) Real GDP per household. B) Real GDP per head. C) Real GDP per worker. D) None of above. Show Answer Correct Answer: B) Real GDP per head. 2. What is the best way to measure economic growth? A) Gross national product. B) Inflation. C) Monetary policy. D) Gross Domestic Product. Show Answer Correct Answer: D) Gross Domestic Product. 3. The size, skills and mobility of the economy's workforce A) Factor endowment. B) Labour force. C) Productivity. D) Investment expenditure. Show Answer Correct Answer: B) Labour force. 4. Spending on infrastructure, financed by taxes A) Exports. B) Government spending. C) Consumption. D) Investment. Show Answer Correct Answer: B) Government spending. 5. What is the economic sector most affected by the pandemic? A) Technology. B) Restaurants. C) Textiles. D) Tourism. Show Answer Correct Answer: D) Tourism. 6. If GDP was $ 270 million and the population was 50, 000, what would GDP per capita be? A) $ 47, 650. B) $ 13, 500. C) $ 5, 400. D) $ 185. Show Answer Correct Answer: C) $ 5, 400. 7. How has the Internet helped to improve the economies of many Latin American nations? A) By creating free markets. B) By increasing local manufacturing. C) By expanding domestic agriculture. D) By improving local entrepreneurship. Show Answer Correct Answer: D) By improving local entrepreneurship. 8. An increase in a country's annual output of goods and services is referred to as A) Gross National Product. B) Economic Development. C) Economic Growth. D) Gross Domestic Product. Show Answer Correct Answer: C) Economic Growth. 9. What factor of ecenomic growth is this:something that is in or supplied by our natural environment and can be consumed or used by people A) Capital goods. B) Human capital. C) Natural resorces. D) Stuff. Show Answer Correct Answer: C) Natural resorces. 10. Regular allowance for someone who has worked a certain number of years A) Pension fund. B) Pension. C) Diversification. D) Risk. Show Answer Correct Answer: B) Pension. 11. This social class grew during the Industrial Revolution. A) Lower Class. B) Middle Class. C) Upper Class. D) None grew. Show Answer Correct Answer: B) Middle Class. 12. Which country specializes in automobiles? A) United Kingdom. B) Russia. C) Germany. D) None of above. Show Answer Correct Answer: C) Germany. 13. Improvements in technology would be included in which measure of economic growth? A) Real Income/GDP. B) Productive capacity. C) Net social welfare. D) None of above. Show Answer Correct Answer: B) Productive capacity. 14. A recession is A) A reduction in real GDP over two successive quarters. B) A reduction in real GDP over a whole year. C) A reduction in nominal GDP over two successive quarters. D) A reduction in nominal GDP over a whole year. Show Answer Correct Answer: A) A reduction in real GDP over two successive quarters. 15. Improved standard of health care would be included in which measure of economic growth? A) Real Income/GDP. B) Productive capacity. C) Net social welfare. D) None of above. Show Answer Correct Answer: C) Net social welfare. 16. Entrepreneurship is ..... A) The willingness and innovation needed to risk demolishing a business. B) The willingness and innovation needed to risk starting a business. C) The willingness and innovation needed for infation. D) I HAVE NO CLUE. Show Answer Correct Answer: B) The willingness and innovation needed to risk starting a business. 17. What are the four main categories of productive resources? A) Food, games, and drinks. B) Air, trees, life, and water. C) I dont know the answer.. D) Human capital, capital goods, and entrepreneurship. Show Answer Correct Answer: D) Human capital, capital goods, and entrepreneurship. 18. What is the ratio of people without a job in the world? A) 400 million people. B) 1 of 6 people. C) 14 per cent. D) Just a bunch. Show Answer Correct Answer: B) 1 of 6 people. 19. What factor of ecinomic growth is this:the factories, machines, and technology that people need to make products A) Natural resorces. B) (Entrepreneurship). C) Capital goods. D) Human capital. Show Answer Correct Answer: C) Capital goods. 20. What is the purpose for tracking business cycles? A) To know when to open a small business. B) To predict future economic events and take action. C) To predict exactly when the national economy will suffer a crisis. D) To help with elections and keep politicians in office. Show Answer Correct Answer: B) To predict future economic events and take action. ← PreviousNext →Related QuizzesDevelopment QuizzesEconomic Growth Quiz 1Economic Growth Quiz 2Economic Growth Quiz 3Economic Growth Quiz 4Economic Growth Quiz 5Economic Growth Quiz 6Economic Growth Quiz 7Economic Growth Quiz 8Economic Growth Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books