WorksheetsEconomic Growth and Development Theories
Total questions: 15
Worksheet time: 5mins
A theory of economic growth based on the idea that a nation's wealth and power were best served by increasing exports
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Growth Theory
This theory was developed by Adam Smith where he argued that there are several factors which enable increased economic growth like the productivity of labor and role of trade.
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Theory
Technology is needed to increase productivity
Classical Theory
Endogenous Growth Theories
Mercantilism
Neo-classical Theory
To have economic growth through increased GDP.
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Theory
This theory of economic growth emphasizes on human capital
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Theory
The growth theories that emphizes on productivity.
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Theory
It is defined an increase in the value of goods and services produced in an economy over a period of time.
(a)
The process by which the economic well-being and quality of life of a nations, community, or particular region are improved according to a predefined goals and objectives.
(a)
Economic development is expressed in percentage.
True
False
HDI is the most common measurement of development. HDI means Human Development Indicator.
True
False
The history of of developed countries suggests a common pattern of structural change.
Classical Theory
Harrod-Domar's Model
Endogenous Growth Model
Rostow's Model
Drive to Maturity. Growth is diverse supported by technological innovation.
4
7
8
10
Development needs substantial investment in capital.
Adam Smith
Paul Romer
Harrod-Domar
Rostow
Abraham Maslow is to Heirarchy of Needs while Robert Lucas is to _________
Classical Theory
New Economic Growth Theory
Neo-classical Model
Economic growth
This development theory depends on the amount of labor and capital
Classical Theory
Harrod-Domar Model
Rostow Model
Neo-classical Model
