MCQs of Economics – The Meaning and Measurement of Economic Development

Lespeyres type indexes use weights from

The formula to calculate Passche price index is (o is the base year and n is the given year)

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:

If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is:

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:

Economic growth from current year (c) to previous year (p) is given by:

All of the following are high income countries except:

Which of the following countries is not a low income country?

Economic development refers to:

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

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:

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 GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be

The formula to calculate economic growth from 2001 to 2002 is given by

According to chapter 2 in the text which of the following is true?

Which of the following countries is not a low income country?

All of the following are high income countries except:

Which of the following are low income countries income country?

All of the following are low income countries except:

One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are:

The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is

OPEC is the:

The formula for the Laspeyres price index is (o is the base year and n is the given year):

The Paasche index uses ____ weights

Which of the following is not a problem in comparing developed and developing countries GNP?

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

PPP is:

The Physical Quality of Life Index (PQLI) combines three indicators They are:

Infant mortality:

The three measure of welfare indicators above comprise the:

The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining

Longevity is proxy for ____ in the Human Development Index.

Which of the following is not one of the Newly Industrialized Countries (NICs)?

According to the next basic needs include:

Which of the following statement is not true about LDCs?

Imitating labor standards from rich countries in LDCs may increase