Quiz on GDP Growth Factors

What does GDP stand for?

• General Development Product

• Gross Development Product

• General Domestic Product

• Gross Domestic Product

Which type of GDP adjusts for inflation?

• Gross National Product

• GDP per capita

• Real GDP

• Nominal GDP

Which of the following is an example of capital investment?

• Investing in education

• Building factories

• Increasing exports

• Lowering taxes

What role does technology play in GDP growth?

• It only affects service industries

• It increases unemployment

• It decreases production costs

• It has no impact

Which of the following is a challenge to GDP growth?

• Technological innovation

• Global Economic Shocks

• Increased capital investment

• Higher labor productivity

How does international trade influence GDP?

• It only affects developed countries

• It brings income through exports

• It increases production capacity

• It has no effect on GDP

What is one of the key factors for sustainable economic development?

• Ignoring environmental issues

• Inclusive policies

• Increasing tariffs

• Reducing the labor force

Which of the following is a key driver of economic growth?

• High inflation
  

• Increased government spending

• Population decline

• Technological innovation