Lesson 4.2.6.5
4.2.6.5 Economic growth and development Quiz: AQA Economics, Unit 2
20 questions
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Lesson 4.2.6.5, Economic growth and development: 20 multiple choice questions for the AQA Economics (7136), Unit 2: The national and international economy, written with Revision Ninja.
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The 20 questions
-
How does economic development differ primarily from economic growth?
- Aggregate demand
- Total real GDP
- Broad living standards
- Short-run output
-
Which component is included in the Human Development Index alongside life expectancy and education?
- Gini coefficient
- GNI per capita
- Unemployment rate
- CPI inflation rate
-
Which sector employs the highest proportion of workers in less-developed economies?
- Secondary sector
- Tertiary sector
- Quaternary sector
- Primary sector
-
Which of the following acts as a major barrier to economic growth and development?
- Property rights
- Corruption
- High savings rate
- Strong infrastructure
-
Investment in education and training primarily increases which factor of production?
- Physical capital
- Human capital
- Natural capital
- Financial capital
-
What is a potential negative consequence of poorly managed foreign aid?
- High savings rates
- Deflation
- Currency appreciation
- Economic dependency
-
Which policy is an example of a market-based strategy to promote economic development?
- Nationalising key industries
- Five-year planning
- Trade liberalisation
- Import substitution
-
If life expectancy rises but GNI per capita stays constant, what happens to development?
- It becomes negative
- It improves
- It declines
- It remains unchanged
-
GDP grows by 4 per cent and population grows by 3 per cent in one year. What is the approximate growth in GDP per head?
- About 1 per cent
- About 7 per cent
- About 4 per cent
- About 3 per cent
-
Inadequate transport networks like roads and ports represent which barrier to growth?
- Capital flight
- Inadequate human capital
- Trade protectionism
- Poor infrastructure
-
Which policy is an example of an interventionist strategy for economic growth?
- Deregulation
- Tax cuts
- Privatisation
- State industrial subsidies
-
Why does a lack of secure property rights discourage private investment?
- Low interest rates
- High expropriation risk
- Excess consumer demand
- High wage costs
-
A shortage of skilled workers in an economy represents a lack of which factor?
- Working capital
- Physical capital
- Social capital
- Human capital
-
What is a primary benefit of international trade for developing economies?
- Protectionism
- Domestic monopolies
- Higher import tariffs
- Access to markets
-
Which component of the Human Development Index can increase HDI when GDP growth is zero?
- Inflation rate
- National debt
- Exchange rate
- Life expectancy
-
What is a primary advantage of using market-based strategies over interventionist ones?
- Guaranteed public goods
- Reduced income inequality
- Perfect wealth distribution
- Increased economic efficiency
-
What key factor determines whether development aid effectively promotes long-term growth?
- High interest rates
- Good governance
- High import tariffs
- Closed capital markets
-
Which factor acts as a barrier to growth and development in developing economies?
- High literacy
- Poor infrastructure
- Strong currency
- Surplus budgets
-
What common trend limits development gains for countries exporting primary commodities?
- Fixed export prices
- Deteriorating terms of trade
- Surplus trade balances
- Rising exchange rates
-
Which indicator is included in the calculation of the standard Human Development Index?
- Life expectancy
- Income inequality
- Political freedom
- Carbon emissions
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