April 30, 2021 - Friday

QUIZ ABOUT
1. Economic growth is necessary and
sufficient to eradicate most of absolute a. GNI per capita
poverty. b. literacy rate
c. infant mortality
a. True d. all are used by the world bank
b. False

6. A good definition of development

2. If a country experiences a rapid increase in
per-capita income due to discovery of new a. elimination of absolute poverty
oil reserves, then it is experiencing: b. improvement of quality of life
c. fulfillment of the potential
a. growth but not necessarily individuals
development d. all are correct

b. development but not growth

7. The low-income economies generally have
c. both growth and development the following except

d. neither growth nor development a. deficient infrastructures

b. low life expectancies
c. low savings
3. If GDP for Palau a small country near d. a per capita GNP of more than
southeast of the Philippines is $130 million $1025
in 2020 and its population is 20,000, GDP
per capita is
8. Longevity is a proxy for ___________ in
a. 5500 the Human Development Index
b. 6500
c. 7500 a. health and nutrition
d. 8500 b. living standard
c. infant mortality
d. Purchasing Power Parity
4. Development economics must ave a scope
wider than the traditional economics
because 9. All of the following are high-income
countries except
a. values and attitude plays a little
role in the pace of development a. Singapore
b. U.K
b. people in the developing countries c. Japan
do less d. South Africa

c. transformation of social
institutions is necessary for
transformation

d. all are correct

10. It is not possible for a country

5. Which of the following is being used by the a. economic development with out
World Bank to classify countries as low, economic growth
middle, upper income countries
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QUIZ ABOUT
b. economic growth without
economic development c. is based upon the market
exchange rate
c. economic growth and economic
development simultaneously d. is based upon the nominal
exchange rate
d. all are correct

14. Which of the following is not an indicator

11. The Human Development Index (HDI)
use by the World Bank in measuring the
summarizes a great deal of social
level of economic development
performance in a single composite index,
combining
a. life expectancy at birth
b. adult literacy
a. disparity reduction rate, human
c. infant mortality
resource development rate and the
d. all are not used by the World
composite index
Bank

b. longevity, education and living

standard
15. Income level or GDP is criticized as an
c. minimum schooling, adult literacy indicator of development mainly because it
and tertiary educational takes no account of the distribution of
attainment income

d. human resource training, a. True

development and R&D b. False

16. Economic growth measures the

12. Compared to the developed countries, the
LDCs have a. growth of productivity
b. increase in nominal income
a. higher birth rates and lower death c. increase in national output
rates d. none of the above

b. higher birth rates and higher death

rates 17. Which of the following is a low income
countries
c. lower birth rates and lower death
rates a. Bangladesh and Tajikistan
b. Turkey and Togo
d. lower birth rates and higher death c. Boswana and Brazil
rates d. Afganistan and Thailand
18. What is gross domestic product (GDP)?

13. The concept of Purchasing Power Parity a. income earned through foreign
exchange
a. is based upon the cost of
hamburgers around the world b. the number of dollars earned in
industry
b. is based upon the cost of the same
market basket of goods in c. income earned within a country’s
different countries boundaries
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QUIZ ABOUT
d. goods received from the nation’s
local residents

19. Economic development refers to

a. economic growth

b. economic growth plus changes in

output distribution and economic
structure

c. improvement in the well-being of

the urban population

d. sustainable increases in Gross

National Product

20. Development economics is the study of

a. allevuation of absolute poverty

b. transformation of institutions

c. allocation of resources in
developing countries

d. all are correct

Do you think that there is a strong relationship among

health, labor productivity, and income levels? Explain
your answer.

Based on my own opinion, there is a strong

relationship between health, labor productivity, and
income level. As we all know, health is a very
important aspect of life. Once a person does not
contain enough nutrients in the body it will result in
unproductive work. And unproductive work will
result in lower income as well. So, the effects of these
three aspects are like a domino effect or more worst a
person might get into a poverty trap.

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