
Productivity & Growth
Authored by Sara Linjawi
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University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The key to increasing real average incomes in a nation lies in:
Limiting unemployment
Reducing interest rates
Increasing productivity
Increasing exports
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A reasonable measure of the average standard of living in a country is:
Real GDP per capita
Nominal GDP per capita
Growth rate of real GDP
Growth rate of nominal GDP
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An economy that accumulates human capital is:
Hiring more workers
Increasing the skills of its workforce
Increasing labour force participation
Increasing its population
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following describes an increase in technological knowledge?
A farmer sends his child to agricultural college
A farmer buys another tractor
A farmer hires another day workers
A farmer discovers a new way to water his plants
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In order for an economy to increase investment:
Business must spend less
Taxes must increase
Society must save more
Exports must increase
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Diminishing returns to capital means that any given increase in investment leads to:
The same economic growth in rich and poor countries
Less economic growth in a poor country than in a rich one
Less economic growth in a rich country than in a poor one
None of the above
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following expenditures is likely to result in a positive externality?
A firm buys a new computer
Aramco buys new drilling equipment
Fatimah pays her university tuition
A farmer buys a new tractor
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