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

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