Home→ Economics Mcqs → The Meaning and Measurement of Economic Development →Economic development refers to ?

According to the next basic needs include ?
Longevity is proxy for ________ in the Human Development Index?
The Physical Quality of Life Index (PQLI) combines three indicators They are ?
The University of Pennsylvania researchers Summers and Heston compute the price level of GDP as the ratio of purchasing power parity (PPP) exchange rate to the actual exchange rate where ?
The Paasche index uses _________ weights?
OPEC is the ?
One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are ?
Which of the following are low income countries income country ?
Which of the following countries is not a low-income country ?
The formula to calculate economic growth from 2001 to 2002 is given by ?
If GNP per capita at constant prices for Ghana is US$360 and US$364 in 1996 and 1997 respectively, The real economic growth from 1996 to 1997 is ?
If GNP for Vatican City the smallest country in the world is 200 million euros in year 2011 and its population is 890 GNP per capita is__________?
Which of the following countries is not a low income country ?
Economic growth from current year (c) to previous year (p) is given by ?
If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?
The formula to calculate Passche price index is (o is the base year and n is the given year) ?
Imitating labor standards from rich countries in LDCs may increase ?
Which of the following statement is not true about LDCs ?
Which of the following is not one of the Newly Industrialized Countries (NICs) ?
The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ?
The three measure of welfare indicators above comprise the ?
Infant mortality ?
PPP is ?
Which of the following is not a problem in comparing developed and developing countries GNP ?
The formula for the Laspeyres price index is (o is the base year and n is the given year) ?
The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?
All of the following are low income countries except ?
All of the following are high income countries except ?
According to chapter 2 in the text which of the following is true ?
IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?
If GDP for Palau a small country near southeast of the Philippines is $130 million in 2012 and its population is 20,000 GDP per capita is ?
All of the following are high income countries except ?
IF GNP per capita at constant prices for Liechtenstein a microstate of 29,000 people located on the Rhine River between Switzerland and Austri is US$555 and US$560 in 2011 and 2012 respectively, the real economic growth from 2011 to 2012 is ?
Tuvalu is composed of 9 coral atolls along a 360-mile chain in Polynesia They gained independence in 1978 The former Ellice Island are home to 9,700 people if GNP of Tuvalu is $300 million in 2005 GNP per capital is ?
Lespeyres type indexes use weights from__________?

Economic development refers to ?

A. economic growth
B. economic growth plus changes in (c) output distribution and economic structure
C. improvement in the well-being of the urban population
D. sustainable increase in Gross National Product

Correct Answer: economic growth ✔

Last Updated: June 18, 2019