A. There is no evidence, yet that rapid population growth stretches natural resources to the point that it limits growth in productivity
B. All of these answers
C. Rapid population growth may dilute the capital stock lowering productivity
D. Rapid population growth may promote technological progress increasing productivity.
Economics Mcqs
A country’s capital stock is the ?
A. approximated investment minus actual investment
B. inflow of investment from abroad
C. sum of previous gross investment minus depreciation
D. difference between GDP and capital consumption
Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?
A. Productivity growth has been steady over the last 50 years
B. Productivity has been growing more slowly every decade since world War II
C. Productivity grew quickly in the 1950s and 1960s more slowly from the early 1970s through 1995 and then quickly again
D. Productivity grew slowly from the 1950s through the 1970s and then began to accelerate probably due to advances in computer technology
Export primary commodity concentration ratios are ?
A. commodity exports as a percentage of GDP per capita of exporting country divided by importing country
B. export earnings as a ratio of population
C. total merchandise export divided by Gross National Income
D. food, raw materials minerals and organic oils and fat as a percentage of total merchandise exports
Our standards of living is most closely related to ?
A. how hard we work:
B. our supply of capital because everything of value is produced by machinery
C. our productivity because our income is equal to what we produce
D. our supply of natural resources because they limit production
Economic rent ?
A. is productive activity to obtain private benefit from public action and resources
B. are the payments above the minimum essential to attract the resources to the market?
C. is the wage used to pay unskilled workers?
D. does not include monopoly profits
Which of the following government policies is least likely to increase likely to increase growth in Africa ?
A. increase expenditure on public education
B. eliminate civil war
C. All of these answers would increase growth
D. increase restrictions on the importing of American tractors and electronics
The informal sector includes ?
I-artisans, cottage industrialists, petty traders, teashop proprietors
II- garbage pickers jitney unauthorized taxis repair persons
III- the self employed
IV- activities with little capital skill and entry barriers
If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?
A. 3.1 percent
B. 3.0 percent
C. 18.6 percent
D. 18.0 percent
Which of the following is not a requirement for economic development ?
A. a temperate climate
B. natural resources
C. an adequate capital bases
D. technological advance