The Meaning And Measurement Of Economic Development MCQs

Option A: food, clothing and housing

Option B: health, education and quality housing

Option C: adequate nutrition, primary education health sanitation water supply and housing

Option D: longevity and living standards

Correct Answer: adequate nutrition, primary education health sanitation water supply and housing ✔

Option A: health and nutrition

Option B: living standard

Option C: infant mortality

Option D: Purchasing Power Parity

Correct Answer: health and nutrition ✔

Option A: infant mortality life expectancy and adult literacy rate

Option B: crime rate clean environment and quality of housing

Option C: air pollution rate, Water pollution rate and sanitation

Option D: health education and environment

Correct Answer: infant mortality life expectancy and adult literacy rate ✔

Option A: both exchange rates are measured s the domestic currency price of the US-dollar

Option B: both exchange rates are not converted into international dollars

Option C: both exchange rate are pegged

Option D: both exchange rate are converted into Big Mac PPP formula

Correct Answer: both exchange rates are measured s the domestic currency price of the US-dollar ✔

Option A: current-year

Option B: base-year

Option C: fisher-ideal index

Option D: Purchasing Power Parity (PPP)

Correct Answer: current-year ✔

Option A: Organization of Petroleum Exporting Country

Option B: Organization of Pre-European Commission

Option C: Oil Producing Economies Caucus

Option D: Organization of Problematic Economies Committee

Correct Answer: Organization of Petroleum Exporting Country ✔

Option A: NIC, OPEC and G7

Option B: Low income , middle income and high income

Option C: Southeast Northeast and Southwest

Option D: Asia, America and Europe

Correct Answer: Low income , middle income and high income ✔

Option A: Canada

Option B: United States

Option C: Mexico

Option D: Australia

Correct Answer: Mexico ✔

Option A: Ethiopia

Option B: Rwanda

Option C: Somalia

Option D: Singapore

Correct Answer: Singapore ✔

Option A: [(GDP2002 + GDP2001)/GDP2001]100

Option B: [(GDP2002 – GDP2001) GDP2001]100

Option C: [(GDP2002 – GDP2001)/GDP2001]100

Option D: [(GDP2001 – GDP2002]100

Correct Answer: C. [(GDP2002 – GDP2001)/GDP2001]100 ✔

Option A: 4%

Option B: 1.11%

Option C: 0.011%

Option D: 11%

Correct Answer: 1.11% ✔

Option A: 2000 – 890

Option B: 200/890

Option C: 200,000,000/890

Option D: 200

Correct Answer: 200,000,000/890 ✔

Option A: Indonesia

Option B: India

Option C: Malaysia

Option D: Nigeria

Correct Answer: Malaysia ✔

Option A: [(GDPc – GDPp)/ DGPp]100

Option B: [(GDPc – GDPp) DGPp]100

Option C: GNPc – DGPp100)

Option D: [GDPp – GDPc]100

Correct Answer: A. [(GDPc – GDPp)/ DGPp]100 ✔

Option A: 1000

Option B: 260

Option C: 0.001

Option D: 259740

Correct Answer: 1000 ✔

Option A: P = ΣPnqn/Σpoqn

Option B: P = ΣPoqo/Σpnqn

Option C: P = ΣPnqo/Σpoqo

Option D: P = ΣPnqn/Σpoqo

Correct Answer: P = ΣPnqn/Σpoqn ✔

Option A: equality

Option B: poverty

Option C: employment

Option D: human development

Correct Answer: poverty ✔

Option A: Most LDCs have less than 1/10 the per capita GNP of the U.S

Option B: A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S

Option C: Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible

Option D: Most LDCs have a greater shortage of qualified teachers than the U.S does

Correct Answer: Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible ✔

Option A: Japan

Option B: South Korea

Option C: Taiwan

Option D: Singapore

Correct Answer: Japan ✔

Option A: disparity reduction rate, human resource development rate and the composite index

Option B: longevity, education and living standard

Option C: minimum schooling, adult literacy and tertiary educational attainment

Option D: human resource training development and R&D

Correct Answer: longevity, education and living standard ✔

Option A: Purchasing Power Parity

Option B: Physical Quality of Life Index

Option C: Human Development Index

Option D: The Laspeyres index

Correct Answer: Physical Quality of Life Index ✔

Option A: is defined as the annual number of deaths of infant under 1 year old per 1,000 live births

Option B: reflects the availability of primary education the rights of employments and social security

Option C: is life expectancy up to age 3

Option D: reflects the availability of hospitals and childcare facilities and the parents wealth

Correct Answer: is defined as the annual number of deaths of infant under 1 year old per 1,000 live births ✔

Option A: a theory that tells us that exchanged rates between currencies are in equilibrium when their purchasing power is the same in both countries

Option B: GDP divided by exchange rate

Option C: a measure of income inequality

Option D: a measure of infant mortality in developing countries

Correct Answer: a theory that tells us that exchanged rates between currencies are in equilibrium when their purchasing power is the same in both countries ✔

Option A: GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods

Option B: The economic contribution of a housewife is a peasant family may not be measured is GNP is poor country

Option C: GNP in understated for developing countries since many of their labor intensive good have no impact on exchange rate since they are not traded

Option D: GNP is overstated for for countries where the price of foreign exchange is less than market clearing price

Correct Answer: GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods ✔

Option A: P = ∑Poqo/∑poqo

Option B: P = ∑Poqo/∑pnqn

Option C: P = ∑Pnqo/∑poqo

Option D: P = ∑Poqn/∑poqo

Correct Answer: P = ∑Pnqo/∑poqo ✔

Option A: less than $900, $900-$9000 and more than $9000

Option B: less than $5000, $5000-$15000 and more than $15000

Option C: less than $100, $100-$1000 and more than $1000

Option D: less than $5000, $5000-$150000 and more than $150000

Correct Answer: less than $900, $900-$9000 and more than $9000 ✔

Option A: United Arab Emirates

Option B: Armenia

Option C: Sudan

Option D: Bangladesh

Correct Answer: United Arab Emirates ✔

Option A: the United Kingdom

Option B: Singapore

Option C: Japan

Option D: Hungary

Correct Answer: Hungary ✔

Option A: The boundary between rich and poor countries has become clearer in 1990s

Option B: The fastest growing countries must be the ones with the highest per capita GNP

Option C: A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand

Option D: Today all high and Upper-middle income countries are Western.

Correct Answer: A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand ✔

Option A: 276,000

Option B: 1576,086

Option C: 0.276

Option D: 3.623

Correct Answer: 276,000 ✔

Option A: 6500

Option B: 130

Option C: 0.0065

Option D: 650

Correct Answer: 6500 ✔

Option A: economic growth

Option B: economic growth plus changes in (c) output distribution and economic structure

Option C: improvement in the well-being of the urban population

Option D: sustainable increase in Gross National Product

Correct Answer: economic growth ✔

Option A: Singapore

Option B: U.K

Option C: Japan

Option D: South Africa

Correct Answer: South Africa ✔

Option A: 5%

Option B: 0.901%

Option C: 0.090%

Option D: 0.991%

Correct Answer: 0.901% ✔

Option A: 9700 (1978 / 2005)

Option B: 300 / 360

Option C: 300 000 000 / 9700

Option D: 32.333

Correct Answer: 300 000 000 / 9700 ✔

Option A: current period

Option B: base-period

Option C: forecasting

Option D: future year

Correct Answer: future year ✔