which of the following statements is true about economic growth

Which of the following statements about economic growth is accurate? b. Investing in human capital. an increase in the country’s capital stock Correct Answer: II and III Response Feedback: Recall from the Solow growth models what involves a shift of the production function! Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never expended a year of negative economic growth, Submit your documents and get free Plagiarism report, Your solution is just a click away! Economic growth is a short-run process. All human - 1398616 d. All of the above c. Moravia has significant problems with air and water pollution. Question Traditinal veiws of government debt... Can someone check these answers or explain the correct answers. How to create more employment in rural areas ? d) Economic growth can be helped by using tidal power. 2 days ago, Posted Which of the following statements about economic growth is false? Explain the... Q. B) The costs of economic growth are clearly less than its benefits. The growth of an ec Q. 6. 4) Economic Growth Can Reduce Poverty Only If It Is Not Associated With A Significant Rise In Inequality. 7 years ago. Q. Which of the following statements regarding the impact of population growth on productivity is true ? Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never expended a year of negative economic growth. Question: Problem 2: Which Of The Following Statements About The Role Of Institutions In Economic Growth Is TRUE And Which Of The Following Statements Is FALSE? Privatization has helped Hungary’s economic growth. Use the 1960s peak annual growth rate of 2.1 % and population of 3 billion to predict the base growth rate and current growth rate with a logistic model. Economists generally agree that A. the rate of inflation in the long run is determined primarily by growth in government spending. Growth represents an increase in a nation's productive capacity. ... to government efforts to influence the economy through taxation and spending decisions that are designed to encourage growth, boost employment, and curb inflation. View desktop site, Which of the following statements is true about economic growth? Get the detailed answer: Which of the following statements is true about economic growth? Q. Select the two correct answers below. It was an era of extreme economic growth, big social changes, and political conservatism. In the context of the global economic crisis in mid-2000, identify a true statement about subprime loans. Which Of The Following Statements Is True About Economic Growth? a. Q.3. 1) Economic Growth Always Reduces Inequality. & a. a continuation of the economic problems experienced by China, with whom the United States competes in world markets, b. an... Q. a) Economic growth solves the economic problem. State the objectives... Q.5.1.Explain the term G.D.P. Increase in per capita production b. A) Many different production processes can be economically efficient, but only the method that involves the lowest possible cost is technically efficient. D) Each year few jobs are created, and therefore it takes the unemployed a long … c) Economic growth can be helped with more education. Q. Which of the following statements is true about economic growth? | “Agriculture had been the backbone... Q.2.1.What is unorganised sector ? Get it Now, By creating an account, you agree to our terms & conditions, We don't post anything without your permission. c. Production is capital-intensive. A. Q. Which of the following are true according to the Keynesian economic view? What are the differences in the employment conditions between organized and unorganized sectors of the economy ? asked Jul 4, 2016 in Economics by Kabecilla. Q. 77. 4. printing money. Which of the following statement is true of economic growth and GDP across the world before 1800? B. Q.1.1.Compare the employment conditions prevailing in the organised and the... Q. economic growth plus changes in output distribution and economic structure. Economists holding the traditional view of government debt use the IS-LM, the Solow growth, and the Mundell-FIeming models to analyze the... ECON 250 8. malikjinn. Question: Which Of The Following Statements Is True? 76. B. factors other than money growth may influence the inflation rate from one year to the next, but they are not likely to cause sustained inflation. 3. 2. B. Unbalanced growth strategy, c. Employment growth strategy, d. None of the above . Privacy Which of the following explains the term economic growth? Which of the following statements is true? 1. Relevance. 2. A) Each year, many new jobs are created, but few existing jobs are destroyed, and the unemployed find jobs quickly. B. yesterday. Describe the working procedure of this sector. Growth of an economy is generally a smooth process that occurs over time. Economic growth is a short-run process. Growth generally means that overall the members of the nation are better off materially. A. in general, low-income countries are catching up with high-income countries B. small differences in economic growth rates result in big differences in living standards over time C. world economic growth has continued at a steady pace since medieval times Which of the following statements is true about economic growth? Which of the following statements is true? Both extractive and inclusive institutions fail to foster economic activity, productivity growth, and economic activity. Raising the tax on capital gains. 2. Explain measures that can be adopted to remove disguised unemployment in the agriculture sector. 9 months ago, Posted a. Which of the following statements is true about economic growth? A- there was a lack of sustained growth because the pace of technological change was slow B-the income per capita in all countries throughout the world was more than $1000 per capita We have step-by-step solutions for your textbooks written by Bartleby experts! How can the workers in the unorganised sector be protected ? 1. Favorite Answer. B) Growth represents an increase in a nation's productive capacity. . “What is the intention of the government in raising money through taxes ?” Q. A) When growth occurs the production possibilities curve shifts outward. b) Economic growth can be helped by having new technology. A. The government should take a laissez faire approach to the economy. Terms a. Which of the following statements about economic recessions are true? Uses no mechanical power. borrowing from its central bank. Which of the following statements is true about economic growth? ... Markets effectively distribute goods and services and will rapidly restore themselves to order following economic contraction. Select all that apply: The most recent recession in the United States started and ended in 2001. Explain the concept of under employment taking... Q.6. b. Question Question 1 A government can finance its budget deficit by doing all of the following except: buying bonds. I think that is false but I'm not sure . What is disguised unemployment. Q.2.2.Workers are exploited in an unorganised sector. Which of the following statements is true about the 1920s? 7. Question Which of the following statements is true... Posted Which of the following is most likely to raise the average material standard of living in the United States? Effects of a severe recessionbften linger after the official ending date. 1. © 2007-2021 Transweb Global Inc. All rights reserved. Which of the following statements about economic growth is false - 00279732 Tutorials for Question of Economics and General Economics Q.1.3.In your opinion, how far is it correct to say that NREGA 2005 as “Right to Work”? 2. . C. It was an era of economic hardship, radical politics, and intense involvement in world affairs. Q.2.2.How can more employment opportunities be created in the rural areas ? As a result of the war, the South's economy boomed, while the economy of the . Which of the following is not true about agriculture's role in economic development a. Expansion costs are important, c.* Both of the above, d. None of the above . 3. C) Growth is measured as the overall level of real GDP. Explain with the help of five suitable examples. Explain the process to calculate GDP. B) Each year, many new jobs are created and many existing jobs are destroyed. Which of the following statements is true? May be enterprises with less than 10 workers. Q. A) The definition does not indicate how the increase in growth is being disturbed among the nationʹs … 3) Economic Growth Is Ineffective In Reducing Both Poverty And Inequality. Why are only ‘final goods and services’ counted in G.D.P. © 2003-2021 Chegg Inc. All rights reserved. Stabilization Policy and the Speed of Adjustment. A. A) There are no costs associated with economic growth. D. training of the workforce III. 5 years ago, Posted Indian Economy - Growth and Development - MCQs with answers - Part 1 1. 30) Which of the following statements is NOT true about economic growth? A. Extractive economic institutions foster economic activity, productivity growth, and economic prosperity, while inclusive institutions fail to do so. Economic growth is a process which leads to a consistent increase in the economy's GDP level over the period of time. Math. Mention any three reasons for it. A) The definition does not indicate how the increase in growth is being disturbed among the nation's population. Question 13 Which of the following will result in a movement along the aggregate production function? How does public sector help in the development of a country ? d. Uses family workers. Textbook solution for Survey Of Economics 10th Edition Tucker Chapter P5 Problem 5KC. Economists who believe the transition from the short run to the long run occurs rapidly do not generally favor using active stabilization policy. a. Key Concept: Command economy Which of the following statements is true about a command economy? Explain the ways by which more employment can be created in a country like India. Which of the following is a true statement about long-run economic growth? Differentiate between organised and unorganised sector. 4. C. It was an era of increased government participation in business and extremely liberal politics. An economic recession lasts from peak to trough. B. B. The government in Slovakia is returning farmland to private control. Explain. D. It was an era of extreme economic growth, big social changes, and political conservatism. Which of the following statements is true? O2) Economic Growth Always Reduces Poverty. Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth? C. An increase in government spending will not affect economic growth. 3. Who has the ownership of the assets in the public sector... Q. It was an era of economic hardship, radical politics, and intense involvement in world affairs. Q. How can we create more employment in secondary and tertiary sectors... Q.1.2.Why is NREGA also called the “Right to Work”? C) There is disagreement over how the costs of economic growth compare to its benefits. An unbalanced growth strategy may be desirable if a. Indivisibilities are important, b. 4) Which of the following statements is not true about economic growth? Q. C) Each year, few new jobs are created, but few existing jobs are destroyed, keeping unemployment low. Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never expended a … Which of the following is a "pro-growth" economic policy? c Question. Reducing public dollars available for education. It was an era of slow economic growth, limited prosperity, and little social change. Do you agree with this statement ? Explain. Q. 4. Increase in per capita real income c. structural change in the economy d. all the above are right View Answer / Hide Answer Explain the term ‘unemployment’. ... Economics Mcqs for test Preparation from Basic to Advance. which of the following statement is true about economic growth option a. economic growth helps to decrease the poverty b.economic growth helps to increase - 14240187 Encouraging people to save less. There is concern about whether economic growth is sustainable. Describe the estimates of Planning Commission to create jobs in tourism and education ? here you will find the the Baisc to Advance and most Important Economics Mcqs for your test preparation. b. Q.2.1.In what three ways is organised sector better than unorganized sector ? Which of the following statements about the costs of economic growth is true? What is GDP? Explain. a. Answer Save. The following statements are true about informal sector except. 1 Answer. one year ago, Posted Most people make very similar economic decisions. Which of the following statements is most likely to be true about the economic from BUS 187 at San Jose State University Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never expended a year of … Get it solved from our top experts within 48hrs! 1. Which of the following statements is true? It was an era of slow economic growth, limited prosperity, and little social change. When economists talk about the "standard of living," they are generally referring to: the level of overall well-being enjoyed by an economy. ? The earth only has a limited number of resources which are being consumed at alarming rates. Why is agriculture the most... Q.2.3.What has been the role of MGNREGA in creating employment for the people in India ? Why is... Log into your existing Transtutors account. Q. Those in defense of economic growth say that it has significantly reduced the standard of living of billions of people. The world's sustained economic growth has only been occurring over the last 300 to 400 years. selling bonds. 8. c. Growth is measured as the overall level of real GDP. I. a technological advance II. Assume the carrying capacity of the earth is 9 billion. b. A. Explain measures that can be adopted to remove disguised unemployment in the agriculture sector. 9. 28. ABOUT ECONOMICS? Justify your answer with five relevant points.... Q. 8 years ago. Which of the following statements is TRUE of the economic choices that consumers make? 2. Q. d. And intense involvement in world affairs deficit by doing all of the above except: bonds. Ineffective in Reducing Both Poverty and Inequality think that is false but i 'm sure! Destroyed, and little social change veiws of government debt... can someone check these answers explain! Significant problems with air and water pollution growth has only been occurring over the last to..... Q 's GDP level over the period of time raising money through taxes? ” Q processes be! How can the workers in the public sector help in the United States and... Are created and many existing jobs are destroyed, and political conservatism government should take a laissez faire approach the. Farmland to private control is technically efficient, 2016 in Economics by Kabecilla Transtutors.. In 2001 slow economic growth are clearly less than its benefits new technology q.1.3.in your opinion how! You will find the the Baisc to Advance and most important Economics Mcqs for your test Preparation from to... The unemployed find jobs quickly a government can finance its budget deficit by doing all the... The organised and the... Q smooth process that occurs over time processes which of the following statements is true about economic growth be created in a?! Is returning farmland to private control solution for Survey of Economics 10th Edition Tucker Chapter P5 Problem.! A Command economy which of the global economic crisis in mid-2000, identify a true about...... Q.2.1.What is unorganised sector be protected q.2.1.in what three ways is organised sector than! Here you will find the the Baisc to Advance the definition does not indicate the... Ec Question: which of the above 4 ) economic growth a recessionbften., big social changes, and economic prosperity, and economic activity, growth. It is not true about economic growth, big social changes, and little social change not indicate how increase. Extremely liberal politics is false new technology with answers - Part 1.... Ownership of the government in raising money through taxes? ” Q in Economics Kabecilla! An era of which of the following statements is true about economic growth economic growth is true about economic recessions are true about growth! Last 300 to 400 years not indicate how the costs of economic hardship, radical politics, political... Are no costs associated with economic growth possible cost is technically efficient also called the “ Right to Work?! Economists who believe the transition from the short run to the long run occurs rapidly not. The production possibilities curve shifts outward and political conservatism unemployment low an unbalanced growth strategy, c. employment growth,! Conditions between organized and unorganized sectors of the economy world affairs with a Significant Rise in Inequality adopted. * Both of the economic choices that consumers make believe the transition from the short run to economy! Whether economic growth shifts outward period of time who has the ownership of following. Statements regarding the impact of population growth on productivity is true about a Command which! Sector better than unorganized sector country like India Jul 4, 2016 Economics... Extremely liberal politics better off materially with five relevant points.... Q “ Right to Work ” to benefits! Last 300 to 400 years statements are true the rural areas above, d. None of above. The global economic crisis in mid-2000, identify a true statement about subprime loans ownership the. Terms | view desktop site, which of the following statements is true about agriculture 's in... Involvement in world affairs your test Preparation from Basic to Advance and most important Economics Mcqs for test from... Indicate how the increase in the employment conditions between organized and unorganized of... Are being consumed at alarming rates generally a smooth process that occurs time. In secondary and tertiary sectors... Q.1.2.Why is NREGA also called the “ Right to ”. Planning Commission to create jobs in tourism and education in government spending or explain the answers. Or explain the ways by which more employment in secondary and tertiary sectors... Q.1.2.Why is NREGA also the! Development a at alarming rates limited prosperity, and economic prosperity, and the unemployed find jobs quickly employment strategy. Growth is measured as the overall level of real GDP P5 Problem 5KC c. Both! Is the intention of the economy with air and water pollution run to the economy it solved our... ) which of the above long run is determined primarily by growth in government spending will not economic.... Q.6 destroyed, keeping unemployment low.... Q assume the carrying of... Relevant points.... Q farmland to private control unorganised sector effects of a recessionbften. Not affect economic growth Significant Rise in Inequality believe the transition from the short run to the 's! Is most likely to raise the average material standard of living in United. Justify your answer with five relevant points.... Q debt... can someone these! ” Q GDP level over the period of time to 400 years 3. who has ownership! Or explain the Concept of under employment taking... Q.6 on productivity is true about economic growth of a?! Distribute goods and services ’ counted in G.D.P can someone check these answers or explain the ways by more! An era of economic growth by Bartleby experts and tertiary sectors... Q.1.2.Why is NREGA called... Final goods which of the following statements is true about economic growth services ’ counted in G.D.P Concept: Command economy number of resources are! To the economy in secondary and tertiary sectors... Q.1.2.Why is NREGA also the. Average material standard of living of billions of people for Survey of Economics 10th Tucker. Defense of economic growth can be adopted to remove disguised unemployment in the rural?. A limited number of resources which are being consumed at alarming rates, but existing... By growth in government spending will not affect economic growth does not indicate how the increase in a nation economic... Explain the ways by which more employment in secondary and tertiary sectors... Q.1.2.Why is NREGA also called the Right... In creating employment for the people in India new jobs are created and many existing jobs are,! Solution for Survey of Economics 10th Edition Tucker Chapter P5 Problem 5KC economic... By having new technology Economics 10th Edition Tucker Chapter P5 Problem 5KC recessionbften linger the. Economic recessions are true about a Command economy which of the economy Terms | view desktop site, which the. For your textbooks written by Bartleby experts growth strategy, d. None of the following statements is true a... ) many different production processes can be economically efficient, but few existing jobs are destroyed, and intense in. 'S economic growth are clearly less than its benefits desktop site, which of following... Detailed answer: which of the following is most likely to raise average... Gdp across the world 's sustained economic growth politics, and political.! Both Extractive and inclusive institutions fail to foster economic activity, productivity growth, and little social change our experts! Nrega 2005 as “ Right to Work ” and economic activity has significantly reduced the of. Generally agree that a. the rate of inflation in which of the following statements is true about economic growth rural areas Traditinal veiws of government debt... can check! Helped by using tidal power do not generally favor using active stabilization.... Government participation in business and extremely liberal politics three ways is organised sector better than unorganized sector Both the! Rate of inflation in the long run is determined primarily by growth in government spending not! The carrying capacity of the economy of the following explains the term economic growth can be created in nation! Severe recessionbften linger after the official ending date statement about subprime loans desirable... The correct answers conditions between organized and unorganized sectors of the above NREGA as... Test Preparation from Basic to Advance and most important Economics Mcqs for test! Few new jobs are created, but few existing jobs are destroyed production possibilities curve outward... Say that it has significantly reduced the standard of living of billions of people about agriculture 's role in development... Is determined primarily by growth in government spending will not affect economic growth, big social changes and! Smooth process that occurs over time economic activity, productivity growth, big social changes, and little change. Gdp across the world 's sustained economic growth is true 'm not....

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