The Stages of Economic Growth Quiz
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Questions and Answers

According to W. W. Rostow's 'The Stages of Economic Growth', what are the stages of economic growth?

  • Agricultural society, industrial society, service society, knowledge society, digital society
  • Hunting and gathering society, agrarian society, industrial society, post-industrial society, futuristic society
  • Traditional society, preconditions for take-off, take-off, drive to maturity, age of high mass consumption (correct)
  • Pre-industrial society, industrial society, post-industrial society, technological society, information society
  • In W. W. Rostow's 'The Stages of Economic Growth', what characterizes the 'take-off' stage?

  • Shift from agriculture to manufacturing, with technological innovation and infrastructure development
  • Rapid growth in a limited number of economic activities such as textiles or food processing (correct)
  • Introduction of digital technologies and automation in production processes
  • Transition from a rural, agrarian society to an urban, industrial society
  • What is the primary focus of W. W. Rostow's 'The Stages of Economic Growth'?

  • The impact of climate change on economic systems
  • The relationship between government policies and income inequality
  • The process of economic development and modernization (correct)
  • The history of economic recessions and depressions
  • According to Rostow's model, what is the 'drive to maturity' stage characterized by?

    <p>Diversification of the economy and increased investment in infrastructure and education</p> Signup and view all the answers

    What distinguishes Rostow's 'age of high mass consumption' stage?

    <p>Rising wages, increased consumer spending, and a focus on production of consumer goods</p> Signup and view all the answers

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