#1
Which of the following is not a measure of economic growth?
Gross Domestic Product (GDP)
Human Development Index (HDI)
Gross National Happiness (GNH)
Consumer Price Index (CPI)
#2
Which region has experienced the fastest economic growth in recent decades?
North America
Europe
Asia-Pacific
South America
#3
Which of the following is a characteristic of economic growth?
Decrease in the unemployment rate
Increase in income inequality
Reduction in environmental degradation
Stagnation in technological innovation
#4
Which of the following is NOT a component of Gross Domestic Product (GDP)?
Consumer spending
Government purchases
Exports
Foreign direct investment
#5
Which of the following countries is considered a 'developed' economy?
#6
Which of the following is an example of a non-renewable resource?
Solar energy
Coal
Wind power
Hydroelectric power
#7
What is the term for the total value of all goods and services produced within a country in a given period?
Gross National Product (GNP)
Net Domestic Product (NDP)
Gross Domestic Product (GDP)
Net National Income (NNI)
#8
What is the main goal of sustainable development?
Maximizing economic growth
Improving social equity
Preserving environmental resources
Promoting technological advancement
#9
What does the Solow growth model primarily focus on?
Inflation targeting
Technological progress
Long-term economic growth
Income distribution
#10
Which of the following is an example of a supply-side policy for promoting economic growth?
Increasing government spending on infrastructure
Reducing corporate taxes
Implementing stricter environmental regulations
Expanding social welfare programs
#11
Which country has the highest Gross Domestic Product (GDP) per capita?
United States
Switzerland
China
India
#12
What is the name of the theory that suggests there are stages of economic growth through which societies progress?
Classical economics
Supply-side economics
Neoclassical economics
Modernization theory
#13
What is the main indicator used to measure income inequality within a country?
Gini coefficient
Consumer Price Index (CPI)
Human Development Index (HDI)
Gross Domestic Product (GDP)
#14
What is the 'trickle-down theory' in economics?
The idea that government intervention is necessary for economic stability.
The belief that wealth generated by the rich benefits everyone in society.
The concept that inflation erodes the value of money over time.
The theory that international trade leads to mutual benefits for all nations.
#15
Which organization releases the World Development Report annually?
World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank
United Nations (UN)
#16
What is the significance of the 'Laffer curve' in economic policy?
It illustrates the relationship between inflation and unemployment.
It shows the impact of government spending on economic growth.
It demonstrates the trade-off between equity and efficiency.
It suggests the existence of an optimal tax rate for maximizing revenue.
#17
Which factor is considered a constraint to economic growth according to the Harrod-Domar model?
Technological progress
Labor force participation rate
Saving and investment ratio
Government spending
#18
Which of the following countries has experienced 'jobless growth' in recent years?