
Economic Growth Concepts and Factors
Interactive Video
•
Business, Social Studies
•
10th - 12th Grade
•
Hard

Emma Peterson
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary measure used to assess economic growth?
Balance of Trade
Unemployment Rate
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a factor of production?
Infrastructure
Innovation
Labor
Technology
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for growth achieved by increasing the quantity of production factors?
Intensive Growth
Qualitative Growth
Sustainable Growth
Extensive Growth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does technological progress contribute to economic growth?
By stabilizing prices
By decreasing capital investment
By increasing productivity
By reducing labor costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Schumpeter, what drives phases of economic expansion?
Market competition
Consumer demand
Government policies
Technological innovations
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the focus of endogenous growth theory?
Natural resources
External market forces
Internal economic decisions
Foreign investments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following can stimulate research and development?
Public policies
Taxation
Interest rates
Trade barriers
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