Economic Growth, Development, and Inclusive Growth

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31. The term “Microfinance” refers to:
a) Providing financial services to low-income individuals or small businesses
b) Providing financial services to high-income individuals or large corporations
c) Providing financial services to government organizations
d) Providing financial services to foreign investors

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32. The term “Deflation” refers to:
a) Decrease in prices over time
b) Increase in prices over time
c) Decrease in unemployment rate
d) Increase in unemployment rate

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33. The term “Capital Formation” refers to:
a) The process of creating physical infrastructure
b) The process of creating human capital
c) The process of creating financial assets
d) All of the above

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34. The term “Poverty Trap” refers to:
a) A situation where individuals or communities remain in poverty due to a lack of opportunities
b) A situation where individuals or communities are unable to escape poverty despite having opportunities
c) A situation where poverty is intentionally created by the government
d) A situation where poverty is caused by natural disasters

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35. The term “Foreign Direct Investment (FDI)” refers to:
a) Investment made by foreign individuals in the stock market of a country
b) Investment made by foreign individuals in real estate in a country
c) Investment made by foreign individuals in government bonds of a country
d) Investment made by foreign individuals in businesses in a country

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