WorksheetsUnit 14 State Economic Growth and Development
Total questions: 10
Worksheet time: 8mins
Some countries in our region are experiencing a lack of industrialization, a low standard of living and a high population growth rate. Which of the following terms BEST describes the economies of these countries?
Advanced
Developed
Developing
Agricultural
Economic growth is measured by
Infrastructural changes
Changes in real GDP per capital
Changes in gross domestic product
Accumulation of capital goods
Some developing countries try to achieve economic growth with less governmental participation. This is MOST likely to be achieved through increased
Private Investment
Public Expenditure
State Planning
Trade Barriers
What is economic growth?
An increase in real gross domestic product per capita
An increase in nominal gross domestic product
An increase in national income
National income increasing at a faster rate than the rate of inflation
All of the following are drivers of economic growth EXCEPT:
Human Capital
Land and other natural resources
A large dependent population
Technological advancement
When an economy which was once booming suddenly starts to experience low demand for goods and services, leading to companies and businesses closing down, rising unemployment and falling standards of living, the country is said to be experiencing
A recession
A revaluation
An externality
A disequilibrium
In order to financially aid in the developmental projects of sub regions, this body engages in the fair and balanced distribution of funds
World Bank
Central Bank
International Monetary Fund
Caribbean Development Bank
This body is mandated to monitor, record, analyze and provide information about the social and economic development of countries globally.
World Bank
Central Bank
International Monetary Fund
Caribbean Development Bank
Economic development leads to all of the following EXCEPT:
Increased access to health care
Increase real per capital gross domestic product
Increased access to education
Increased dependence on the agricultural sector
What is NOT a source of underdevelopment?
Insufficient natural resources
High birth rates
Undeveloped human capital
Increasing GPD
