Econ 102 - Principles of Macroeconomics » Winter 2021 » Chapter 7 Reading Quiz

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Question #1
The Industrial Revolution lead to all of the following except
A.   social mobility
B.   pollution
C.   manufacturing towns
D.   a traditional economy
Question #2
Which of the following is not a component of the production function?
A.   physical capital
B.   trade
C.   technology
D.   human capital
Question #3
From 2017 to 2018, Peru's GDP grew from $222 billion USD to $226.85. Assuming Peru will maintain the same growth rate, what will Peru's GDP be in 5 years?
A.   $448.85 billion USD
B.   $247.33 billion USD
C.   $252.74 billion USD
D.   $199 billion USD
Question #4
Which of the following is not an example of capital deepening?
A.   building roads and bridges
B.   creating health clinics and providing free immunizations
C.   building schools in developing countries
D.   encouraging free trade
Question #5
What can governments do to promote economic growth?
A.   hire and promote family members into positions of power
B.   suppress rule of law
C.   accept bribes to do business
D.   maintain and uphold the rule of law

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