Economy at a Glance

There are two main types of economy

• command and contolled

• command and private

• private and market

• market and command

Which of the following does not describe a typical market economy

• is entirely dependent on command

• encourages innovation

• directed by government

• people decide on what they are going to produce

Which of the following two word best describes the activities of the primary sector

• extraction and harvesting

• harvesting and manufacturing

• manufacturing and services

• services and extraction

Which of the following terms best describes the activities of the secondary sector.

• extraction

• manufacturing

• services

• harvesting

The sector involved in research and ICT development is the...

• tertiary sector

• quaternary sector

• octonary sector

• penterary sector

Which of the following two occupations/jobs both form part of the tertiary sector.

• miner and teacher

• car guard and accountant

• doctor and factory worker

• farmer and policeman

The term GDP stands for ...

• Great Development Programme

• Gross Development Plan

• Gross Domestic Plan

• Gross Domestic Product

The GDP per capita means .....

• GDP per capital

• GDP per person

• GDP per economic sector

• GDP per community

South Africa's total contribution to the world economy is ......

• More than 15%

• Less than 15% but less than 12%

• More than 50%

• Less than 1%

Nepal has a proportionally ........................ primary sector than the United Sates

• larger

• equal

• smaller

• all answers are correct