36. Which of the following is not a chief concern of a. economic growth b. full

Question

36. Which of the following is not a chief concern of a. economic growth b. full employment c. price stability (low inflation) d. all of the above e. none of the above 37. In the vicious circle of poverty the primary impediment t economic growth is: a. a lack of saving for capital investment b. a lack of government involvement in the economy c. a lack of appropriate human resource policy d. a total disregard for the rule of law e. all of the above 38. Economic growth is defined as a. a rise in nominal gdp b. a reduction in inflation c. an increase in real per capita gdp d. a rise in the level of consumer spending e. all of the above 39. Which of the following is a supply determinant of econo growth? a. government spending. b. quantity of natural resources. c. structure of production. d. all of the above. e. none of he above. 40. Which of the following is not an institutional structure which promotes growth? a. strong property rights b. patents and copyrights c. efficient financial institutions d. organized production methods

Explanation / Answer

36) The correct choice is e.

Explanation : -Macroeconomics is defined as the study of the relationships among aggregate quantities (or aggregates) such as GDP, employment, unemployment, inflation, interest rates, exchange rate and the balance of trade.

37) The correct choice is e. All of the above

38) The correct choice is c

Explanation : - Economic growth is defined in terms of increases in per capita real output or per capital income.

39) The correct choice is e. None of the above

Explanation : - The supply determinants of economic growth are resource prices, technology and expectations.

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