Economic Growth and Productivity: Homeschool Curriculum Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of the following BEST defines technology?

Question 2 2. What is human capital?

Question 3 3. Which of the following is NOT a determinant of the productivity of a nation?

Question 4 4. Country A invests 25% of GDP into human capital, while Country B invests only 9%. Which country will grow faster and why?

Question 5 5. How can the government encourage investment in human capital?

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Question 6 6. Why is research and development significant?

Question 7 7. Labor productivity and economic growth will increase when nations

Question 8 8. In the short run, economic growth is measured in terms of which of the following?

Question 9 9. Country A has a real GDP of $5,000 and a population of 20, while Country B has a real GDP of $20,000 and a population of 100. Which of the following statements is true?

Question 10 10. One way to create new technologies is by investing into _____.

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Question 11 11. Which of the following is not true regarding productivity?

Question 12 12. What is the main benefit of investing in human capital?

Question 13 13. Why is productivity significant to economic growth?

Question 14 14. Why is physical capital important to an economy?

Question 15 15. Which is a characteristic of economic growth?

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Question 16 16. Economists call the equipment and structures used to produce goods and services:

Question 17 17. Which of the following is FALSE regarding the productivity of a nation?

Question 18 18. Labor productivity and economic growth will increase when what happens?

Question 19 19. Which of the following will likely increase productivity in a corporation?

Question 20 20. Which of the following will most likely occur as a result of an increase in labor productivity?

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Question 21 21. _____ refers to the total amount of goods and services are produced within the economy.

Question 22 22. How is labor productivity, measured as output per worker, affected by economic drivers?

Question 23 23. Why is real GDP a poor indicator of economic growth?

Question 24 24. Which of the following is NOT an example of physical capital?

Question 25 25. Which of the following statements is FALSE about long run economic growth?

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Question 26 26. Which of the following will most likely encourage long-run economic growth?

Question 27 27. Which one of the following scenarios would cause a nation's standard of living to increase?

Question 28 28. Which of the following is MOST likely to produce higher economic growth in the long run?

Question 29 29. Human capital refers to which of the following?

Question 30 30. In the long run, what is a country's standard of living dependent on?

Economic Growth and Productivity: Homeschool Curriculum Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

AP Macroeconomics: Homeschool Curriculum  /  Business Courses
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