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9 - Economic Growth & Development

Authored by Mariam Khursheed

Professional Development

Professional Development

Used 7+ times

9 - Economic Growth & Development
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____________ is focused on the accumulation of material resources.

It is an increase in real output of the country. Economic measures include GDP which is the measure of total goods and services produced in an economy within a given time

Economic Growth

Economic Development

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________________ is a narrower concept than economic development.

Economic Growth

Economic Development

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is an increase in a country's real level of national output.

which can be caused by

an increase in the quality of resources (by education etc.),

increase in the quantity of resources & improvements in technology or

in another way an increase in the value of goods and services produced by every sector of the economy.

Economic Growth

Economic Development

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ can be measured by an increase in a country's GDP

Economic Growth

Economic Development

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________________ does not consider the size of the informal economy. The informal economy is also known as the black economy which is unrecorded economic activity.

Economic Growth

Economic Development

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____________ does not consider the depletion of natural resources which might lead to pollution, congestion & disease.

Economic Growth

Economic Development

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ is a necessary but not sufficient condition of economic development.

Economic Growth

Economic Development

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