the meaning and measurement of economic development MCQs – Page 2

Practise focused the meaning and measurement of economic development questions with marked answers for exam preparation and subject revision.

the meaning and measurement of economic development Mcqs

21. The Physical Quality of Life Index (PQLI) combines three indicators They are ?
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A. air pollution rate, Water pollution rate and sanitation

B. health education and environment

C. infant mortality life expectancy and adult literacy rate

D. crime rate clean environment and quality of housing

22. 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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A. 0.09%

B. 0.99%

C. 0.901%

D. 5%

23. All of the following are low income countries except ?
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A. Bangladesh

B. Sudan

C. Armenia

D. United Arab Emirates

24. 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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A. 3.623

B. 276,000

C. 0.276

D. 1,576,086

25. 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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A. 11%

B. 4%

C. 0.01%

D. 1.11%

26. Economic development refers to ?
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A. improvement in the well-being of the urban population

B. sustainable increase in Gross National Product

C. economic growth plus changes in (c) output distribution and economic structure

D. economic growth

27. If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?
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A. 260

B. 0.001

C. 1000

D. 259740

28. Lespeyres type indexes use weights from_____________?
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A. current period

B. future year

C. forecasting

D. base-period

29. Which of the following countries is not a low-income country ?
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A. Somalia

B. Ethiopia

C. Rwanda

D. Singapore

30. The formula for the Laspeyres price index is (o is the base year and n is the given year) ?
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A. P = ?Poqo/?pnqn

B. P = ?Poqn/?poqo

C. P = ?Poqo/?poqo

D. P = ?Pnqo/?poqo

31. The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ?
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A. human resource training development and R&D

B. minimum schooling, adult literacy and tertiary educational attainment

C. disparity reduction rate, human resource development rate and the composite index

D. longevity, education and living standard

32. 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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A. both exchange rates are measured s the domestic currency price of the US-dollar

B. both exchange rates are not converted into international dollars

C. both exchange rate are pegged

D. both exchange rate are converted into Big Mac PPP formula

33. All of the following are high income countries except ?
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A. the United Kingdom

B. Hungary

C. Singapore

D. Japan

34. Which of the following is not a problem in comparing developed and developing countries GNP ?
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A. The economic contribution of a housewife is a peasant family may not be measured is GNP is poor country

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

C. GNP is overstated for for countries where the price of foreign exchange is less than market clearing price

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

35. Which of the following is not one of the Newly Industrialized Countries (NICs) ?
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A. Taiwan

B. Japan

C. Singapore

D. South Korea

36. The formula to calculate Passche price index is (o is the base year and n is the given year) ?
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A. P = ?Pnqn/?poqo

B. P = ?Poqo/?pnqn

C. P = ?Pnqn/?poqn

D. P = ?Pnqo/?poqo

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