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

Need help with your exam preparation?

Existing Quiz Clients Login here
Question #1
The Industrial Revolution lead to all of the following except
A.   a traditional economy
B.   social mobility
C.   pollution
D.   manufacturing towns
Question #2
Which of the following is not a component of the production function?
A.   technology
B.   physical capital
C.   human capital
D.   trade
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.   $199 billion USD
B.   $448.85 billion USD
C.   $252.74 billion USD
D.   $247.33 billion USD
Question #4
Which of the following is not an example of capital deepening?
A.   encouraging free trade
B.   building roads and bridges
C.   creating health clinics and providing free immunizations
D.   building schools in developing countries
Question #5
What can governments do to promote economic growth?
A.   maintain and uphold the rule of law
B.   accept bribes to do business
C.   suppress rule of law
D.   hire and promote family members into positions of power

Need help with your exam preparation?

Existing Quiz Clients Login here