Login

Economic Growth and Productivity 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!

Page 1

Question 1 1. Which item is an example of physical capital used in the production of goods and services?

Question 2 2. The assembly line equipment used to produce an automobile would be considered:

Question 3 3. Which is NOT an example of physical capital?

Question 4 4. A recruit at a new job is asked by an interviewer, 'Tell me about your human capital accomplishments.' Which item would the interviewer want the interviewee to discuss?

Question 5 5. A company executive is advocating for a budget increase in _____. She states that such funding increases will promote greater productivity.

Page 2

Question 6 6. Which IS an example of research and development?

Question 7 7. Your economics professor is covering a unit in class where she's discussing calculating GDP by either using expenditure approach or income approach. What unit is she MOST likely covering?

Question 8 8. Gross private domestic investment is one of four expenditure values used in:

Question 9 9. In regards to economic productivity, micromanagement is likely to:

Question 10 10. An economist suggests that a nation's GDP has decreased. Which item is MOST likely to be responsible for this outcome?

Page 3

Question 11 11. Heightened investments in research and development and natural resources, coupled with a higher savings rate, ALL increase:

Question 12 12. When envisioning economic growth and productivity, population is a driver of:

Question 13 13. You are presented with a case study where it's stated that standard of living has increased. What value MOST likely increased to cause this change?

Question 14 14. By dividing real GDP by population, one is calculating the:

Question 15 15. An economist is carefully evaluating productivity values; she will most likely uncover that these values have an effect on _____.

Page 4

Question 16 16. Which is a characteristic of economic growth?

Question 17 17. Country A invests 25% of GDP into human capital, while Country B invests only 9%. Which country will grow faster and why?

Question 18 18. Which of the following BEST defines technology?

Question 19 19. Human capital refers to which of the following?

Question 20 20. Which of the following is NOT an example of physical capital?

Page 5

Question 21 21. Which of the following metrics is used when calculating GDP using the income approach?

Question 22 22. How can the government encourage investment in human capital?

Question 23 23. Which one of the following scenarios would cause a nation's standard of living to increase?

Question 24 24. Why is real GDP a poor indicator of economic growth?

Question 25 25. Which of the following will likely increase productivity in a corporation?

Page 6

Question 26 26. Why is research and development significant?

Question 27 27. Economists call the equipment and structures used to produce goods and services:

Question 28 28. Why is physical capital important to an economy?

Question 29 29. What is the accounting methodology used to calculate the GDP, regardless of the approach used?

Question 30 30. Why is fiscal policy important for the economy?

Economic Growth and Productivity Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next question. You can skip questions if you would like and come back to them later with the "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. You will lose your work if you close or refresh this page. Good luck!

Economics 102: Macroeconomics  /  Business Courses
Support