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Economic growth & Development Flashcards | StudBud

Explore/Economic growth & Development

Economic growth & Development

10 terms·StudBud Administration·190 plays

year 8 : attempt all questions , each question carries one mark

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Questions 10

Answers

1
Q9. What is the basic question(s) all economic systems try to answer?
c.For whom to produce?
d. All of the above.
a. What to produce?
b. How to produce it?
2
Q7. The items that consumers buy are called?
b. Factors of production
a .Private property
c.Consumer goods
3
Q8. An economic system in which private property is almost restricted is called ...
c. A centrally planned economy
b. Competition
a. A mixed economy
4
Q4. How can a “long and healthy life’’ be measured?
a.Life expectancy
a. Adult literacy rate.
b. GDP per capita
5
Q2. Expand “GDP’’
b. Gross Dominated product
c. Gross Domestic product
a. General Domestic product
6
Q3. What is economic development?
c. Using more i-pad
a. The progress of the economy
b. Improvement in welfare
7
Q6. Which factor led to the economic development of Dubai ?
b.fall of oil price
a.Tourism
c. economic crisis
8
Q10. What is an economic problem every nation has?
a. The problem of meeting every one's needs
c.Not enough resources.
b. Not enough population.
9
Q1. How is economic growth measured?
b. By adding the number of imports that a country has
c. By adding the number of exports
a. By adding total of goods and services produced
10
Q5. What is infant mortality?
a. The daily calories consumed per capita.
b. The number of deaths of infants under one year
c. The number of children born in a year