Economic Development Measures

Front

Which of the following is the most comprehensive measure of a country’s level of economic development?
Gross Domestic Product (GDP),
Human Development Index (HDI),
Gross National Income (GNI),
Gender Inequality Index (GII)

Back

Human Development Index (HDI)

Front

Why is Gross National Income (GNI) often considered a better measure of economic development than Gross Domestic Product (GDP)?

Back

GNI includes income earned in addition to the amount gained through exports and imports.

Front

Which economic indicator best reflects income inequality within a country? Options: Human Development Index (HDI), Gender Inequality Index (GII), Purchasing Power Parity (PPP)

Back

Gini Coefficient

Front

Which of the following is a limitation of using Gross Domestic Product (GDP) to measure economic development? It does not include goods and services produced within the country., It does not account for income distribution or informal economic activities., It does not measure industrial production., It includes the value of environmental degradation.

Back

It does not account for income distribution or informal economic activities.

Front

A country with a high Human Development Index (HDI) score is likely to have all of the following EXCEPT: High life expectancy, High income per capita, High literacy rates, High levels of income inequality

Back

High levels of income inequality

Front

Which of the following economic indicators is adjusted to account for differences in the cost of living between countries? Gross Domestic Product (GDP), Human Development Index (HDI), Purchasing Power Parity (PPP), Gender Inequality Index (GII)

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Purchasing Power Parity (PPP)

Front

Which component is NOT included in the calculation of the Human Development Index (HDI)? Mean years of schooling, Life expectancy at birth, Gross National Income (GNI) per capita

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Gender wage gap

Front

Why do some economists argue that the Human Development Index (HDI) is a better measure of development than GDP per capita?

Back

HDI incorporates social and economic factors, such as education and health.

Front

What is the primary purpose of the Gender Inequality Index (GII)?

Back

To measure the economic and social disparities between genders

Front

Which of the following would most likely contribute to a country having a low Gender Inequality Index (GII) score? High rates of female labor force participation, Low literacy rates among women, High maternal mortality rates, Low levels of women’s political representation

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High rates of female labor force participation