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4.2.6.5 Economic growth and development NOTES

Authored by James Hannaford

Social Studies

Professional Development

Used 2+ times

4.2.6.5 Economic growth and development NOTES
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does growth typically refer to in an economic context?

Increase in the quantity of goods and services produced

Increase in the quality of life

Decrease in unemployment rates

Improvement in social welfare

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is included in the broader concept of development?

Gross Domestic Product

Education and healthcare improvements

Annual inflation rate

Stock market performance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which index is a composite measure that includes life expectancy, education, and income per capita?

Gross National Income

Economic Prosperity Index

Consumer Price Index

Human Development Index

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a main characteristic of less-developed economies?

Advanced technological infrastructure

Dependence on agriculture

High levels of industrialization

Low levels of inequality

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is crucial for stimulating economic growth?

Increasing import tariffs

Reduction in exports

Investment in physical and human capital

Decreasing literacy rates

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does inadequate human capital typically result in?

Improved income distribution

Higher export rates

Reduced labor productivity

Increased foreign investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which policy might be adopted to promote economic development?

Reducing educational funding

Investment in infrastructure and healthcare

Increasing income taxes

Limiting trade with other countries

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