This quiz works best with JavaScript enabled. Home > Development > Growth > Economic Growth – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Growth Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The index to measure economic well-being is ..... A) GPD per person. B) All answers are correct. C) Inflation rate. D) The unemployment growth rate. Show Answer Correct Answer: B) All answers are correct. 2. What are goods used to make other goods? A) Capital Goods. B) Human Capital. C) Entrepreneurs. D) Natural Reosurces. Show Answer Correct Answer: A) Capital Goods. 3. Who are negatively affected by liberalisation and freer trade? A) Poor people. B) Economically challenged individuals. C) Impoverished communities. D) Stakeholders who are under economic duress. Show Answer Correct Answer: D) Stakeholders who are under economic duress. 4. Which of the following is not a supply side policy to encourage economic growth? A) Subsidies on research & development. B) Privatization & deregulation. C) Lowering corporation tax. D) A rise in investment. Show Answer Correct Answer: D) A rise in investment. 5. Materials found in nature such as trees, oil, minerals and water. A) Human Resources. B) Capital Resources. C) Natural Resources. D) Scarcity. Show Answer Correct Answer: C) Natural Resources. 6. A document showing that an interest-bearing loan has been made to a bank or other financial institution A) Savings. B) Financial intermediaries. C) Certificate of deposit(cd). D) Credit union. Show Answer Correct Answer: C) Certificate of deposit(cd). 7. BREXIT is the abbreviation of ..... A) British x-ray. B) British biscuit. C) British exhibition. D) British exit. Show Answer Correct Answer: D) British exit. 8. Which of the following defines economic growth? A) Increase in exports. B) Increase in Government revenue. C) Increase in total output. D) Increase in Imports. Show Answer Correct Answer: C) Increase in total output. 9. Which country in SE Asia has the highest literacy rate? A) Japan. B) India. C) China. D) North Korea. Show Answer Correct Answer: A) Japan. 10. How have investments in Human Capital and capital goods impacted the UK and Germany's economy? A) Both have high GDP and strong economies. B) Both have low GDP and weak economies. C) Both have good football clubs. D) Both have terrible capital cities. Show Answer Correct Answer: A) Both have high GDP and strong economies. 11. In a command economic system the ....., makes all economic decisions. A) Government. B) Legislature. C) People. D) Businesses. Show Answer Correct Answer: A) Government. 12. Which productive resource can be a source of income when exported? A) Natural Resources. B) Human capital. C) Goods and Services. D) Gross Domestic Product. Show Answer Correct Answer: A) Natural Resources. 13. This value is adjusted for inflation A) Real GDP. B) Nominal GDP. C) GDP per capita. D) Ceteris paribus. Show Answer Correct Answer: A) Real GDP. 14. Stocks or documents that represent a claim on the income and property of the borrower A) Financial assets. B) Certificate of deposit. C) Risk. D) Diversification. Show Answer Correct Answer: A) Financial assets. 15. Why might Net Social Welfare be a better measure of growth than real GDP? A) It includes inflation. B) It shows how incomes are distributed in the economy. C) It includes economic and non economic factors. D) It only includes non-economic factors. Show Answer Correct Answer: C) It includes economic and non economic factors. 16. Why were most people opposed to trusts and monopolies? A) Limit competitoin=higher prices. B) Too easy to invest. C) Too much competition. D) None of above. Show Answer Correct Answer: A) Limit competitoin=higher prices. 17. Total market value of all final goods and services produced in the economy during a given year A) Unemployed. B) Price Level. C) Nominal GDP. D) GDP. Show Answer Correct Answer: D) GDP. 18. Macroeconomics is a study of ..... [Macroeconomics is a study of ..... ] A) The behavior of individual firms. B) The entire economy. C) General price level. D) Government units [Kingdom units]. Show Answer Correct Answer: B) The entire economy. 19. What did the government do to try and help the economy in 2013? A) Nothing. B) Made policies. C) Increased Public Spending. D) Increase unemployment rate. Show Answer Correct Answer: C) Increased Public Spending. 20. A decent job is one that ..... A) Originates honest work. B) Protect the rights. C) Ensure labor protection. D) All of the above are correct. Show Answer Correct Answer: D) All of the above are correct. ← PreviousNext →Related QuizzesDevelopment QuizzesEconomic Growth Quiz 1Economic Growth Quiz 3Economic Growth Quiz 4Economic Growth Quiz 5Economic Growth Quiz 6Economic Growth Quiz 7Economic Growth Quiz 8Economic Growth Quiz 9Economic Growth Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books