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Economics (Economic growth & development)

Authored by 218000545 Khuboni

Other

10th - 11th Grade

Used 108+ times

Economics (Economic growth & development)
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22 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Implies an increase in the capacity of the economy to produce more goods and services.

Economic development

Economic activity

Economic prosperity

Economic growth

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Development means increasing standards and quality of life

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It shows trends of how a nation’s growth rates change over time.

Population

Demographic cycle

Economic growth

Business cycle

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It is the movement of people from rural areas to urban areas with the aim of finding jobs.

Migration

Urbanization

Immigration

Immigrants

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A stokvel is:

a group of old people contributing monies to gamble

a group savings scheme where members contribute a fixed amount of money every month to a common pool

a group of companies that want to reach their sales target by fixing prices on their products

a group of young people that contribute a certain percentage of their incomes in order to take vacations on planned trips

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Final output products value that is produced by citizens in a country, regardless of where they are located is known as

GNP

GDP

GNI

GNE

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Self-sufficiency and dependency on agriculture includes the following

The earliest humans were nomadic hunters

Agricultural development started slowly

Later on they tamed animals to assist them to farm

They did not gather their food from wild plants and animals

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