Economic Growth and Development Quiz

What is the difference between economic growth and economic development?

• Economic growth focuses on improving living standards, while development only focuses on production.

• Economic growth refers to an increase in national income, while development refers to improvement in living standards.

• Economic development happens without economic growth.

• Economic growth focuses on employment, while development focuses on exports.

Which of the following is NOT a condition necessary for economic growth?

• Adoption of modern technology

• High population growth rates

• Improved infrastructure

• Aggressive marketing of a country's products abroad

What is an indicator of economic development?

• Low levels of literacy

• High population growth

• Shifting from reliance on agriculture to manufacturing

• Lack of skilled labor

Economic growth is measured in terms of __________.

• Distribution of wealth

• Annual changes in Gross National Product (GNP)

• Literacy rates

• Unemployment rates

Which of the following is a characteristic of economic under-development?

• High labor productivity

• Well-developed infrastructure

• High unemployment

• High income levels

What is a major factor that hinders development?

• High levels of entrepreneurship

• Poor human resource endowment

• Advanced technology

• Strong natural resource endowment

Which of the following is NOT a goal of development?

• Eliminate poverty

• Increase disparity in income distribution

• Improve the standard of living

• Provide a conducive environment for technological advancement

What does development planning refer to?

• The spontaneous growth of an economy

• Deliberate government effort aimed at improving the economy

• The allocation of resources without a plan

• Private sector management of resources

Which of the following is a factor that hastens economic development?

• Outdated cultural practices

• Poor infrastructure

• Improved medical facilities

• High dependency levels

What is the role of planning in a country’s development?

• It ensures government inefficiency.

• It avoids duplication of industries.

• It encourages a free market with no regulations.

• It discourages international cooperation.