Economic growth refers to:
A) A decrease in income inequality
B) The increase in the standard of living
C) An increase in the economy’s output of goods and services
D) The improvement of social welfare systems
Economic development is best defined as:
A) Only the increase in GDP
B) The improvement in human well-being and quality of life
C) The rise in national debt
D) A rise in agricultural production
Which of the following is an indicator of economic growth?
A) Increase in human development index
B) Higher GDP growth rate
C) Improved health care system
D) Better education standards
Economic growth can be measured by:
A) Improvements in income inequality
B) The country’s GDP per capita
C) The decrease in life expectancy
D) The reduction in the poverty line
Which of the following is an essential difference between economic growth and economic development?
A) Economic growth focuses on overall prosperity, while development focuses on income levels
B) Economic growth is only about production; development is about well-being
C) Economic growth is long-term; development is short-term
D) Economic growth ignores inflation, while development focuses on it
Economic development encompasses:
A) Only the increase in a country’s total income
B) The improvement of living standards and reduction of poverty
C) The rise in international trade volume
D) A focus on only one sector of the economy
Economic growth might occur without economic development in cases where:
A) There is a significant increase in income distribution
B) Income inequality worsens while total output rises
C) Education and health improve significantly
D) The country experiences sustainable development
Which of the following factors is most directly related to economic development?
A) Increased agricultural productivity
B) Improved educational opportunities
C) Growth in industrial production
D) High export levels
Which statement best describes the relationship between economic growth and development?
A) Economic growth is not necessary for development
B) Economic growth leads directly to development
C) Economic growth is a prerequisite for development but not sufficient on its own
D) Economic growth occurs after development
Economic development generally requires:
A) Only government intervention
B) A focus on achieving rapid growth without concern for equity
C) Sustainable improvements in health, education, and infrastructure
D) A reduction in the size of the economy
Which of the following is a limitation of economic growth as a measure of economic development?
A) It does not account for income distribution
B) It measures the quality of life
C) It emphasizes wealth redistribution
D) It includes the provision of social services
Economic growth can be achieved by:
A) Only increasing the number of industries in a country
B) A steady rise in the country’s GDP
C) Disregarding environmental concerns
D) Reducing investments in infrastructure
A key feature of economic development is:
A) An increase in the unemployment rate
B) The maintenance of current income inequality levels
C) A reduction in poverty and inequality
D) A focus on maximizing short-term profits
The development of infrastructure directly impacts:
A) Economic growth alone
B) Economic development through improved standards of living
C) The rise in inflation rates
D) Reduction in industrial production
Which of the following is a feature of economic growth but not economic development?
A) Improved public services
B) A focus on increasing industrial output
C) A reduction in poverty rates
D) Better quality of life
Economic growth is an increase in:
A) The wealth of all citizens
B) The stock market value
C) Real output or GDP over time
D) Government spending
Economic development is a broader concept because it includes:
A) Only growth in income
B) Only industrialization
C) Environmental sustainability and human well-being
D) Only trade balances
Economic growth leads to:
A) Decreased investment in human capital
B) Increased inequality in all situations
C) An increase in the national income and economic productivity
D) Worsening living standards for the general population
Which of the following is true about economic development?
A) It is only concerned with the economic output
B) It includes improvements in education, health, and income equality
C) It measures the total output of an economy
D) It focuses on increasing industrial profits only
A rise in economic growth does not guarantee:
A) A more equitable distribution of wealth
B) Increased national savings
C) A higher standard of living for all citizens
D) The expansion of global markets
Which of the following is a major difference between economic growth and economic development?
A) Economic growth focuses only on monetary measures, while development includes social and environmental factors
B) Economic growth includes environmental concerns, while development does not
C) Economic growth is a long-term concept, while development is short-term
D) Economic development is focused only on reducing inflation
Which of the following is a common goal of both economic growth and development?
A) Increase in inflation
B) Improvement in living standards
C) Increase in poverty levels
D) Reduction in government spending
Economic development includes factors such as:
A) Technological innovation only
B) Industrial output and GDP
C) Health, education, and income equality
D) Agricultural production only
Economic growth can be unsustainable if:
A) It is accompanied by significant environmental degradation
B) It results in a steady increase in the GDP per capita
C) It contributes to poverty reduction
D) It leads to better income distribution
Economic development requires:
A) Only industrial growth
B) Balanced growth across all sectors of society
C) A rise in national debt
D) A focus solely on urban areas
The key driver of economic growth in an economy is:
A) Government regulations
B) Investment in capital and technology
C) Strict monetary policies
D) Decrease in international trade
Which of the following is an example of economic development?
A) Increased industrial output
B) Higher GDP growth rate
C) Expansion of education and healthcare
D) Increased production of consumer goods
Economic growth typically results in:
A) A decrease in the standard of living
B) Increased income inequality
C) A decrease in total economic output
D) An increase in poverty rates
Economic growth is often associated with:
A) A rise in agricultural production only
B) Increased wealth concentration
C) Decline in social welfare systems
D) Reduction in environmental sustainability
