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.   encouraging free trade
B.   building schools in developing countries
C.   creating health clinics and providing free immunizations
D.   building roads and bridges
Question #5
What can governments do to promote economic growth?
A.   accept bribes to do business
B.   suppress rule of law
C.   maintain and uphold the rule of law
D.   hire and promote family members into positions of power

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