Economics - The Meaning and Measurement of Economic Development
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This is the MCQs of Economic
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Question 1 of 36
1. Question
Lespeyres type indexes use weights from
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Question 2 of 36
2. Question
The formula to calculate Passche price index is (o is the base year and n is the given year)
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Question 3 of 36
3. Question
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:
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Question 4 of 36
4. Question
If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is:
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Question 5 of 36
5. Question
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:
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Question 6 of 36
6. Question
Economic growth from current year (c) to previous year (p) is given by:
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Question 7 of 36
7. Question
All of the following are high income countries except:
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Question 8 of 36
8. Question
Which of the following countries is not a low income country?
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Question 9 of 36
9. Question
Economic development refers to:
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Question 10 of 36
10. Question
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
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Question 11 of 36
11. Question
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:
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Question 12 of 36
12. Question
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:
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Question 13 of 36
13. Question
IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be
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Question 14 of 36
14. Question
The formula to calculate economic growth from 2001 to 2002 is given by
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Question 15 of 36
15. Question
According to chapter 2 in the text which of the following is true?
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Question 16 of 36
16. Question
Which of the following countries is not a low income country?
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Question 17 of 36
17. Question
All of the following are high income countries except:
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Question 18 of 36
18. Question
Which of the following are low income countries income country?
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Question 19 of 36
19. Question
All of the following are low income countries except:
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Question 20 of 36
20. Question
One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are:
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Question 21 of 36
21. Question
The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is
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Question 22 of 36
22. Question
OPEC is the:
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Question 23 of 36
23. Question
The formula for the Laspeyres price index is (o is the base year and n is the given year):
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Question 24 of 36
24. Question
The Paasche index uses ____ weights
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Question 25 of 36
25. Question
Which of the following is not a problem in comparing developed and developing countries GNP?
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Question 26 of 36
26. Question
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
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Question 27 of 36
27. Question
PPP is:
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Question 28 of 36
28. Question
The Physical Quality of Life Index (PQLI) combines three indicators They are:
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Question 29 of 36
29. Question
Infant mortality:
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Question 30 of 36
30. Question
The three measure of welfare indicators above comprise the:
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Question 31 of 36
31. Question
The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining
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Question 32 of 36
32. Question
Longevity is proxy for ____ in the Human Development Index.
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Question 33 of 36
33. Question
Which of the following is not one of the Newly Industrialized Countries (NICs)?
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Question 34 of 36
34. Question
According to the next basic needs include:
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Question 35 of 36
35. Question
Which of the following statement is not true about LDCs?
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Question 36 of 36
36. Question
Imitating labor standards from rich countries in LDCs may increase
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