Economic Growth Quiz

What is Economic Growth?

• Decrease in consumer spending

• Increase in production of goods and services over time

• Decrease in unemployment rates

• Increase in imports

What does GDP stand for?

• Gross Domestic Product

• General Development Plan

• Gross Development Product

• General Domestic Product

Which of the following is NOT included in GDP?

• Government Spending

• Imported products

• Investment

• Consumption

What does Net Exports represent?

• Exports minus imports

• Imports minus exports

• Total exports

• Total imports

Which factor is NOT one of the five main factors influencing economic growth?

• Natural resources

• Human capital

• Cultural diversity

• Technological development

What is Human Capital?

• Skill and knowledge of a population

• Natural resources of a country

• Physical capital

• Government spending

What is a key factor in Saudi Arabia's economy?

• Agriculture

• Natural gas

• Tourism

• Oil

What is Artificial Intelligence?

• Ability of machines to perform human-like tasks

• A natural resource

• A type of economic growth

• A government policy

Which company is known for using AI to improve GDP in the Middle East?

• Google

• Microsoft

• Apple

• PWC

What happens when GDP decreases?

• Investment increases

• Consumer spending increases

• Unemployment rates decrease

• Stock market is affected