. ______________ is a special field of economics which concentrates on the study of countries which are in the process of moving from low levels of income and social progress. A. human development index B. GDP per capita C. economic growth D. economic development
1. ______________ is a special field of economics which concentrates on the study of countries which are in the process of moving from low levels of income and social progress.
A. human development index
B.
C.
D. economic development
2. The following are measures of economic growth except:
A. Gross National Product.
B. Exchange rate
C. Healthy life expectancy
D. Interest rate
3. Operating in lean and mean organizational structure signifies:
A. Embodied technical progress
B. Disembodied technical progress
4. More skilled and computer-relate workforce constitutes:
A. Embodied technical progress
B. Disembodied technical progress
5. The higher the population of a country:
A. The higher it's GDP per capita will often be.
B. The lower its GDP per capita will often be
C. GDP per capita remains constant.
D. Cannot be determined.
6. Innovation and invention signifies:
A. Disembodied technical progress
B. Embodied technical progress
26. Suppose Malaysia has the following values of GDP wherein country’s exports of 150, imports of 100, government expenditures of 350, gross private domestic investment of150, consumption, 500 and
A. 900
B. 1,000
C. 1,050
D. 1,100
27. Suppose the Philippines in 2015 has capital (nd) of 0.20, capital share of income is 0.3,
labors share is 0.7, and labor grows at 0.02, and efficiency factor A is equivalent to 0.030
Calculate the country’s growth rate of income
A. 4%
B. 8%
C. 10%
D. 10.4%
28. If the capital output ratio averaged 2.50, what saving rate would have been required to achieve an aggregate growth rate of 8% per annum?
A. 0.3125
B. 0.032
C. 2%
D. 20%
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