Question

Q1 A researcher claims that the slow economic growth of countries located in Africa can be attributed to the geography hypothesis. If the researcher is correct, it implies that the economic growth of countries in Africa is greatly affected by

A. cultural factors such as the work nature of indigenous residents.

B. natural factors such as climate and quality of the soil available.

C. religious factors.

D. institutional factors such as the availability of credit and finance.

Q2 Which of the following will be included in the calculation of gross domestic product using the expenditure method?

A. Interest paid by households for loans

B. Dividends paid by firms to shareholders

C. Wages paid to labor by firms

D. Services purchased by the government

Q3 Which of the following statements is true?

A. Empiricism refers to the testing of ideas without using data.

B. Data helps to establish whether theories match reality.

C. Data is not an integral part of optimization analysis.

D. Empiricism is not an integral part of optimization analysis.