Economic Growth | MCQs

Explanation

• The period of the business cycle in which real GDP is increasing is called the "Expansion" phase.
• During an expansion, economic activity is growing, employment is typically rising, and overall economic indicators are improving.
• This phase is often characterized by increasing consumer spending, business investment, and confidence in the economy.

Explanation

The Fifth Five-Year Plan (1978–83) was an attempt to stabilise the economy and improve the standard of living of the poorest segment of the population.

Increased defense expenditures and a flood of refugees to Pakistan after the Soviet invasion of Afghanistan in December 1979, as well as the sharp increase in international oil prices in 1979-80, drew resources away from planned investments .

Explanation

Prime Minister Shehbaz Sharif on 31 October 2022 announced a special package of Rs 1,800 billion to promote the agriculture sector. 

Explanation

Explanation

 Pakistan is the second-highest economic growth recorded in the last three years of the incumbent government. As a result of the rebasing exercise, the growth rate improved from the earlier estimate of 3.94pc to 5.4pc, while the size of the economy rose to $346.76 billion from the provisional estimate of $296 billion, according to the National Accounts Committee, which approved these figures on January 20, 2022.

Explanation

Economic growth will keep pace with population growth only if there is Improved technology

معاشی ترقی آبادی میں اضافے کے ساتھ رفتار کو برقرار رکھے گی اگر بہتر ٹیکنالوجی ہو۔

Explanation

For Thomas Robert Malthus the appropriate way to control the population was to postpone marriage.

تھامس رابرٹ مالتھس کے لیے آبادی کو کنٹرول کرنے کا مناسب طریقہ شادی کو ملتوی کرنا تھا۔