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WorksheetsECONOMIC GROWTH
Total questions: 20
Worksheet time: 15mins
Name
Class
Date
1.
Economic growth measures the
a)
a) Growth of productivity
b)
b) Increase in nominal income
c)
c) Increase in output
d)
d) None of the above
2.
Which of the following explains the term economic growth
a)
a) Increase in per capita production
b)
b) Increase in per capita real income
c)
c) Structural change in the economy
d)
d) All of the above
3.
Economic growth can be measured by
a)
a) The CPI
b)
b) The CBI
c)
c) GDP
d)
d) MPC
4.
When an economy produces more output per capital the economy is said to be having
a)
a) Inflation
b)
b) Economic growth
c)
c) Economic planning
d)
d) Living standard
5.
Which of following statement is true about the Economic Growth
a)
a) It refers to increase in Gross Domestic Product (GDP)
b)
b) It refers to the long and sustained rise in real Gross Domestic Product (GDP)
c)
c) It is characterized by fall in unemployment rate
d)
d) Rise in GDP on monetary term
6.
With economic growth, the proportion of labour-force engaged in agriculture
a)
a) Increases
b)
b) Decreases
c)
c) Remains unaffected
d)
d) Changes in an uncertain manner
7.
The capital-output ratio in a country during the different phases of growth
a)
a) Remains unchanged
b)
b) Fluctuates widely
c)
c) Changes within narrow limits
d)
d) Shows a secular declining trend
8.
Among the following determinants of growth, which one is a non-economic factor
a)
a) Natural resources
b)
b) Population growth
c)
c) Favourable legislation
d)
d) Capital accumulation
9.
The rate of growth of an economy mainly depends upon
a)
The rate of growth of the labour force
b)
b)The proportion of national income saved and invested
c)
c) The rate of technological improvements
d)
d) All of the above
10.
Economic growth can be seen by an outward shift of
a)
a) The Production Possibility Frontier
b)
b) The Gross Domestic Barrier
c)
c) The Marginal Consumption Frontier
d)
d) The Minimum Efficient Scale
11.
Potential growth measures
a)
a) The growth of the fastest economy in the world
b)
b) The fastest growth an economy has ever achieved
c)
c) The present rate of growth of an economy
d)
d) The rate of growth that could be achieved if resources were fully employed
12.
To boost economic growth the government is most likely to
a)
a) Increase interest rates
b)
b) Increase taxation rates
c)
c) Provide incentives to invest
d)
d) Provide incentives to save
13.
In a recession, GDP
a)
a) Grows negatively
b)
b) Grows slowly
c)
c) Grows by 0%
d)
d) Grows rapidly
14.
In a boom
a)
a) Unemployment is likely to fall
b)
b) Prices are likely to fall
c)
c) Demand is likely to fall
d)
d) Imports are likely to fall
15.
Economic growth in India will happen necessarily if there is
a)
a) Population growth
b)
b) Capital formation
c)
c) Technical progress in the global economy
d)
d) All the above
16.
The concept of economic growth is
a)
a) Identical with the concept of economic development
b)
b) Narrower than the concept of economic development
c)
c) Wider as compared to that of economic development
d)
d) Unrelated to the concept of economic development
17.
Which of the following is generally regarded as the true index of economic growth
a)
a) An increase in national income at constant prices during a year
b)
b) A sustained increase in real per capita income
c)
c) An increase in national income at current prices over time
d)
d) An increase in national income along with a corresponding increase in population
18.
Sustainable economic growth depends upon
a)
a) Investment, not saving
b)
b) Saving, not investment
c)
c) Both saving and investment
d)
d) Neither saving nor investment
19.
Balanced growth implies
a)
a) Simultaneous development of a variety of activities, which support one another
b)
b) Equal allocation of resources to different sectors
c)
c) Different sectors growing at their natural rates of growth
d)
d) Uniform rate of growth of output over time
20.
Which of the following about strategy of balanced growth is right
a)
a) Simultaneous investment in all sectors
b)
b) All sectors are independent
c)
c) Both
d)
d) None
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