Productivity Factors Quizzes, Questions & Answers

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Economic Growth And Productivity - Practice Quiz

Explore key economic concepts with the 'Economic Growth and Productivity - Practice Quiz'. Assess your understanding of GDP dynamics, capital stock changes, and human capital contributions. Ideal for students and professionals...

Questions: 8 | Attempts: 805 | Last updated: Mar 21, 2025

Sample Question 1
A rapid increase in population will result in

An increase in real GDP and per capita GDP.

An increase in real GDP but a decrease in per capita GDP.

A decrease in real GDP but an increase in per capita GDP.

A decrease in both real GDP and per capita GDP.

No change in per capita GDP but a decrease in real GDP.

Sample Question 2
Increases in the capital stock will lead to

Decreases in wages and GDP.

Increases in wages and decreases in GDP.

Decreases in wages and increases in GDP.

Increases in wages and GDP.

No change in wages or the GDP.

Sample Question 3
Technological progress occurs when the economy gets more output

Without using any more capital or labor.

By using more capital per worker.

By using more capital but not more workers.

By using more labor but not more capital.

By using more capital but not more labor.