5th Role of Education in Economic Growth

Role of Education in Economic Growth

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Multiple Choice

Countries are divided into two categories based on economic development: developing or developed nations.

• True

• False

Multiple Choice

Providing women and girls with equal access to education health care and decent work.

• Quality education

• Gender equality

• Reduce inequalities

• Peace, justice and strong institutions

Multiple Choice

Economic growth measures the

• Growth of productivity

• Increase in nominal income

• Increase in output

• None of the above

Multiple Choice

What are the 4 factors that lead to a country’s economic growth?

• investment in human capital, investment in physical capital, land (natural resources), entrepreneurship

• good international relations, a democratic president, strict laws, freedom of press

• a powerful military, strong dictatorial leadership, communist regime, little personal freedom

• a monarchy, the World Bank, a parliamentary democracy, personal freedom

Multiple Choice

Most people in developing nations earn their living by —

• farming.

• working in offices and companies

• working in manufacturing

  industries.

• working in service industries.

Multiple Choice

Why should countries invest in developing human capital?

• because the more people you have working in one area like a capital the more productive it will be

• it leads to a lower GDP

• it leads to lower literacy rate

• investment in the education and skills training of people creates a smarter and more productive workforce, which relates to a higher GDP.

Multiple Choice

Which of the following is a benefit of economic growth?

• Increased congestion

• A rise in the standard of living

• Increased pollution

• Inequalities in income and wealth

Multiple Choice

What does human capital mean?

• the place where the most people live within a country

• the place where the most work is performed within a country

• the people who perform labor (work)

• the building where most people work in a country or state

Multiple Choice

How do literacy rates affect their standard of living?

• The higher the literacy rates the lower the standard of living.

• The higher the standard of living the lower the literacy rate.

• The lower the literacy rates the higher the standard of living.

• The higher the literacy rates the higher the standard of living.

Multiple Choice

A country can increase its human capital by investing in _______________

• Education for its citizens

• New machinery for factories

• Railroads and airports

Multiple Choice

Which level of development is a country where most people work at the subsistence level?

• More Developed

• Less Developed

• Newly Industrialized

Fill in the Blanks

Who is the Minister of Education?