Economic Growth — Quiz

Question 1

To help encourage economic growth, a country can

Revolt · Accepted Answer

invest in research and development.

Question 2

Economists use gross national product (GNP) to measure

Revolt · Accepted Answer

the output of a nation’s citizens, regardless of where they are.

Question 3

Rabia does not currently have a job, but declined a job offer because she feels her skills merit better pay and a better position. Which terms can be used to describe Rabia? Choose two correct answers.

Revolt · Accepted Answer

frictionally unemployed; unemployed

Question 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.

Revolt · Accepted Answer

unemployed; structurally unemployed

Question 5

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

Revolt · Accepted Answer

low demand for exports.

Question 6

Which unemployment rate do most economists consider to be acceptable in the United States?

Revolt · Accepted Answer

5 percent

Question 7

Which describes a factor that limits economic growth?

Revolt · Accepted Answer

having low internal demand

Question 8

What conclusion can someone draw from the map?

Revolt · Accepted Answer

States with the lowest per capita GDP tend to be in the South.

Question 9

Economists use gross national product (GNP) to measure

Revolt · Accepted Answer

the output of a nation’s citizens, regardless of where they are.

Question 10

Which unemployment rate do most economists consider to be acceptable in the United States?

Revolt · Accepted Answer

5 percent

Economic Growth — Quiz Answers

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