Human Geography - Economics & Geography: Help and Review 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. How is savings directly connected to economic growth?

Question 2 2. Why is physical capital important to an economy?

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

Question 4 4. Which of the following will most likely occur as a result of an increase in labor productivity?

Question 5 5. How is labor productivity, measured as output per worker, affected by economic drivers?

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Question 6 6. Rachel manages a box factory and just hired Franco. Does Franco count as physical capital?

Question 7 7. Why is real GDP a poor indicator of economic growth?

Question 8 8. _____ refers to the total amount of goods and services are produced within the economy.

Question 9 9. How can governments encourage savings and investment?

Question 10 10.

What is the GDP for the following information:

Consumption = 10,000

Investment = 2,000

Government spending = 1,000

Exports = 7,500

Imports = 7,000

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Question 11 11. Which of the following BEST defines technology?

Question 12 12. Which of the following will likely increase productivity in a corporation?

Question 13 13. If you needed to increase the GDP, why might you focus on consumption to do this?

Question 14 14. Why is productivity significant to economic growth?

Question 15 15. What is the main benefit of investing in human capital?

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Question 16 16. Which of the following is not true regarding productivity?

Question 17 17. Human capital refers to which of the following?

Question 18 18. In the short run, economic growth is measured in terms of which of the following?

Question 19 19. Economists define Real GDP per capita as which of the following?

Question 20 20. Which of the following is MOST likely to produce higher economic growth in the long run?

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Question 21 21. Why is research and development significant?

Question 22 22. Which is a characteristic of economic growth?

Question 23 23. What does the word domestic in Gross Domestic Product refer to?

Question 24 24. Which of the following is FALSE regarding the productivity of a nation?

Question 25 25. Which one of the following scenarios would cause a nation's standard of living to increase?

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Question 26 26. Economists call the equipment and structures used to produce goods and services:

Question 27 27. Country A invests 25% of GDP into human capital, while Country B invests only 9%. Which country will grow faster and why?

Question 28 28. Which of the following would be considered physical capital in agriculture?

Question 29 29. Which of the following will most likely encourage long-run economic growth?

Question 30 30. 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?

Human Geography - Economics & Geography: Help and Review 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!

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