Economic Indicators

Which of the following is NOT an indicator of standard of living?

• Literacy rate

• Population age distribution

• Infant mortality

• Cultural heritage

Which of the following regions include mostly developing nations?

• Sub-Saharan countries

• Europe

• North America

• Scandinavian countries

Which of the following is an indicator of economic development?

• High illiteracy

• Unskilled labor force

• Gross domestic product per capita

• Under developed tertiary sectors

The greater the country’s level of economic development, the —

• higher the quality of life

• higher the agricultural labor force

• lower the cost of living

• lower the urban population

Most people in developing nations earn their living by —

• farming.

• hunting and fishing.

• working in manufacturing

  industries.

• working in service industries.

Which of the following is a true statement about the economic development of nations?

• Resources and technology influence the economic development and quality of life in nations.

• Although important, the economic development of nations has little effect on the quality of life of its people.

• Modern technology is so widespread today that most people around the world have an acceptable quality of life.

• All but a few countries are developed

  nations today.

Which of the following is most likely a characteristic of a developing country?

• Low unemployment rate

• High GDP per capita

• High birth rate

• High literacy rate

These countries typically have simple, agriculture-based economies

• Developed countries
• Developing countries

Countries with high levels of literacy and higher education are in which level of economic development?

• More Developed

• Newly Industrialized

• Less Developed

Countries in this level of economic development have most of their people living in rural areas.

• More Developed

• Newly Industrialized

• Less Developed