Economic Growth — Quiz

Question 1

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

Revolt · Accepted Answer

low demand for exports.

Question 2

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

unemployed; frictionally unemployed

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

Economists use gross national product (GNP) to measure

Revolt · Accepted Answer

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

Question 5

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 6

To help encourage economic growth, a country can

Revolt · Accepted Answer

invest in research and development.

Question 7

Which statement most accurately describes Germany’s labor force?

Revolt · Accepted Answer

Most Germans work in services.

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.

Economic Growth — Quiz Answers

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