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economic growth

Questions: 4

Difficulty Levels:
1
Q&A
Hard
Define GDP per head.
Answer:
Explanation:
2
CHOICE
Medium
Which government action will not add directly to the quantity or quality of human resources?( )
A. improvement in health facilities
B. investment in education and training
C. provision of better food and nutrition
D. reclamation of land from the sea
Answer:
D
Explanation:

This question asks which government action does not directly contribute to the quantity or quality of human resources.

- Option A: Improvement in health facilities - This action directly enhances the quality of human resources by improving health, which can lead to increased productivity and longevity.

- Option B: Investment in education and training - This action directly increases both the quantity and quality of human resources by equipping individuals with skills and knowledge.

- Option C: Provision of better food and nutrition - This action directly improves the quality of human resources by ensuring better health and development.

- Option D: Reclamation of land from the sea - This action is related to increasing land resources and does not directly impact the quantity or quality of human resources.

Therefore, the correct answer is D: reclamation of land from the sea.

This action does not directly affect human resources.

3
CHOICE
Hard
What is a likely cause of economic growth?( )
A. decreased employment
B. decreased investment
C. decreased productivity
D. decreased taxation
Answer:
D
Explanation:

This question asks about a likely cause of economic growth.

The options provided are:

A: decreased employment
B: decreased investment
C: decreased productivity
D: decreased taxation

Simple Explanation:


Economic growth is typically driven by factors that enhance the productive capacity of an economy.

These factors include increased employment, increased investment, and increased productivity.

Therefore, options A, B, and C, which suggest decreases in these areas, are unlikely to cause economic growth.

On the other hand, decreased taxation (option D) can lead to economic growth.

Lower taxes can increase disposable income for consumers and businesses, encouraging spending and investment.

This can stimulate economic activity and contribute to growth.

Thus, the correct answer is D: decreased taxation.

4
CHOICE
Hard
What is identified as economic growth?( )
A. a fall in labour productivity
B. an increase in the productive capacity of the economy
C. an increase in the Consumer Prices Index(CPI)
D. the economy enters a period of recession
Answer:
B
Explanation:

This question is about identifying what constitutes economic growth.

Economic growth is generally defined as an increase in the productive capacity of an economy, which allows it to produce more goods and services over time.

This is typically measured by an increase in real GDP (Gross Domestic Product).

Let&

039;s analyze the options:


- A: A fall in labour productivity - This would indicate a decrease in efficiency, not growth.
- B: An increase in the productive capacity of the economy - This is the correct definition of economic growth, as it implies the economy can produce more goods and services.
- C: An increase in the Consumer Prices Index (CPI) - This indicates inflation, not economic growth.
- D: The economy enters a period of recession - A recession is a period of economic decline, not growth.

Therefore, the correct answer is B: an increase in the productive capacity of the economy.

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