Which development most directly represents intensive economic growth?
Correct answer: A. An increase in output produced by better worker skills and technology
- A. An increase in output produced by better worker skills and technology
- B. An increase in output caused only by a larger working population
- C. An increase in the number of hours worked with unchanged productivity
- D. An increase in production caused by using more land with unchanged methods
Explanation
Intensive growth means producing more output from each unit of input through higher productivity. Better skills and improved technology raise productivity directly. Growth based mainly on adding labour, land or other inputs is generally called extensive growth.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
In an open economy, national saving minus domestic investment is equal to the
Which situation best illustrates an adverse monetary policy transmission effect on investment?
If nominal GDP increases by 7 percent while the GDP price index increases by 4 percent, real GDP increases by approximately
A discouraged worker is normally classified in labour statistics as a person who