Economic Development 1-0

Which level of development is a country where most people work at the subsistence level?

• More Developed

• Newly Industrialized

• Less Developed

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

• More Developed

• Newly Industrialized

• Less Developed

Countries with weak infrastructure [communication/ transportation/ healthcare/ education systems] are in which level of economic development?

• More Developed

• Newly Industrialized

• Less Developed

True or False. Economic Development refers to how advanced an economy is.

• True

• False

Gross Domestic Product is...

• the total value of all goods and services produced by a nation in a year.

• the value of goods and services produced in a year in a nation by a person.

• a product that is domestically gross.

What does a literacy rate show?

• a percentage of people who can drive.

• a percentage of people who can read and write.

• a percentage of people who can speak English.

Which is the LEAST developed among the following regions?

• North America

• South America

• East Asia

• Sub-Saharan Africa

The basic material from which a product is made.

• rescue resources

• capital resources

• human resources

• natural resources

Free enterprise is an economic system in which people -

• are free to buy and sell goods and services with little control by the government.
• can only buy products from government selected companies.
• must sell their products at the lowest price possible. 

The average annual income of a worker in a country.

• Per Capital GDP

• GDP (Gross Domestic Product)

• Labor Force by Occupation