Economic Growth — Quiz Answers

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1
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To help encourage economic growth, a country can

A
lower requirements for education.
B
stop selling goods to other countries.
C
invest in research and development.
D
lay off unneeded workers.
2
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Economists use gross national product (GNP) to measure

A
the output of foreign-owned businesses within a nation.
B
any business activity taking place outside a country.
C
the output of a nation’s citizens, regardless of where they are.
D
economic output within a nation, regardless of ownership.
4

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe Jim? Choose two correct answers.

A
still employed
B
unemployed
C
frictionally unemployed
D
cyclically unemployed
E
structurally unemployed
F
domestically unemployed
5

Sometimes an economy cannot grow because of external factors, such as

A
low demand for exports.
B
poor infrastructure.
C
low domestic demand.
D
lack of skilled labor.
7

Which describes a factor that limits economic growth?

A
making investments
B
having low internal demand
C
developing technology
D
engaging in trade
8

What conclusion can someone draw from the map?

A
Alaska has the lowest per capita GDP of any state.
B
States with the highest per capita GDP tend to be in the South.
C
Florida has a higher per capita GDP than New York.
D
States with the lowest per capita GDP tend to be in the South.
9

Economists use gross national product (GNP) to measure

A
the output of foreign-owned businesses within a nation.
B
the output of a nation’s citizens, regardless of where they are.
C
any business activity taking place outside a country.
D
economic output within a nation, regardless of ownership.
11

Which statement most accurately describes Germany’s labor force?

A
Most Germans work in factories.
B
Most Germans fish for a living.
C
Most Germans are farmers.
D
Most Germans work in services.
12

How did the contribution of the services sector to GDP change between 2009 and 2011?

A
It rose significantly.
B
It fell significantly.
C
It stayed exactly the same.
D
It rose by less than 1 percent.
13

What conclusion can someone draw from the map?

A
Alaska has the lowest per capita GDP of any state.
B
Florida has a higher per capita GDP than New York.
C
States with the highest per capita GDP tend to be in the South.
D
States with the lowest per capita GDP tend to be in the South.
14

Sometimes an economy cannot grow because of external factors, such as

A
low demand for exports.
B
lack of skilled labor.
C
poor infrastructure.
D
low domestic demand.
15

How did the contribution of the services sector to GDP change between 2009 and 2011?

A
It stayed exactly the same.
B
It rose significantly.
C
It fell significantly.
D
It rose by less than 1 percent.
17

To help encourage economic growth, a country can

A
invest in research and development.
B
lay off unneeded workers.
C
stop selling goods to other countries.
D
lower requirements for education.
18

Which describes a factor that limits economic growth?

A
engaging in trade
B
making investments
C
having low internal demand
D
developing technology
19

Which describes a factor that limits economic growth?

A
having low internal demand
B
making investments
C
engaging in trade
D
developing technology
20

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe Jim? Choose two correct answers.

A
cyclically unemployed
B
structurally unemployed
C
still employed
D
unemployed
E
frictionally unemployed
F
domestically unemployed

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