Deck 3: Economic Growth: Concepts and Patterns

Question 1

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Botswana,natural resources

Answer 1

Answer will vary

Question 2

In order for sustained economic growth to be successful,the centerpiece to the growth process in most countries must be its:

A) agricultural policies.
B) export policies.
C) industrial production methods.
D) military strength.

Answer 2

A

Question 3

Economists think that economic growth depends fundamentally on all of the following EXCEPT:

A) factor accumulation.
B) inequality.
C) efficiency.
D) technological change.

Answer 3

B

Question 4

Countries with slow growth include all of the following EXCEPT:

A) Madagascar.
B) Nigeria.
C) Kenya.
D) Venezuela.

Question 5

Economists Barry Bosworth and Susan Collins found that capital accumulation accounted for about two-thirds of total growth in:

A) South America.
B) sub-Saharan Africa.
C) East Asia.
D) Eastern Europe.

Question 6

Countries with rapid growth include all of the following EXCEPT:

A) Indonesia.
B) South Korea.
C) Botswana.
D) Chile.

Question 7

In the Solow model,investment comes from:

A) outside lenders.
B) the government.
C) saving.
D) the capital stock.

Question 8

Economist Stephen Radelet has demonstrated that,by stabilizing economic and political problems in the mid-1990s,17 sub-Saharan African countries experienced an annual average total factor productivity growth rate of:

A) 0.25 percent.
B) 1.5 percent.
C) 2.75 percent.
D) 7.75 percent.

Question 9

Being landlocked means that:

A) growth is impossible.
B) there will be great challenges in the development of external trade.
C) foreign aid is needed.
D) new advances in technology are not beneficial.

Question 10

The empirical relationship between trade and growth is:

A) strong.
B) weak.
C) strong for natural resource-based exports only.
D) nonexistent.

Question 11

Since 1980,GDP per capita has grown more than sevenfold in:

A) India.
B) China.
C) Egypt.
D) Uruguay.

Question 12

Malaysia's growing life expectancy over the past generation can be largely attributed to:

A) new hybrid crops.
B) a serious reduction in the incidence of malaria.
C) the widespread production and consumption of organic foods.
D) the eradication of tuberculosis.

Question 13

While Robert Solow established the model for the study of modern economic development,this economist's research in the early 1990s had set the contemporary stage for explaining the variance in growth across countries:

A) Milton Friedman.
B) Walter Williams.
C) Ayn Rand.
D) Robert Barro.

Question 14

A country's labor force grows 1.2 percent and its capital stock grows 3 percent.Assume that labor share of output is 0.25.If the economy grows 4.55 percent,how much does total factor productivity grow?

A) 0.5 percent
B) 1 percent
C) 1.5 percent
D) 2 percent

Question 15

Which of the following is NOT much of a problem in Botswana?

A) unemployment
B) HIV/AIDS
C) inequality
D) corruption

Question 16

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Factor accumulation,productivity growth

Question 17

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Thailand,Zambia

Question 18

Diminishing returns to capital means that as you add more capital:

A) output falls.
B) the additional contribution to output eventually declines.
C) labor usage falls.
D) output rises.

Question 19

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Saving,Solow model

Question 20

Between 1990-2002,this nation's growth and development performance was the worst in the world at -7.2 percent:

A) Democratic Republic of the Congo.
B) Mexico.
C) Argentina.
D) Benin.

Question 21

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Tropics,HIV/AIDS

Question 22

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
China,India

Question 23

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Total factor productivity (TFP),growth accounting

Question 24

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Institutions,growth

Question 25

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Geography,growth

Question 26

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
Bostwana and Uganda,Chad and Niger