AEN QUIZ

What are some limitations of GDP in measuring the welfare of a country?

• It doesn't account for unreported or unofficial economic activity

• It only measures the value of recorded transactions

• It doesn't consider the value of household production or leisure time

• All of the above

Which planet is the closest to the Sun?

• Mercury

• Venus

• Mars

• Jupiter

What are the factors that helped China achieve economic growth?

•  Investments in infrastructure projects

•  Becoming an export-oriented economy

• Government policies such as targeted poverty reduction programs

•  All of the abov

Which planet is known for its big and famous Great Red Spot?

• Neptune

• Saturn

• Mars

• Jupiter

What is the name of the largest moon of Saturn?

• Europa

• Ganymede

• Titan

• Enceladus

What is the generally accepted measure of the standard of living?

•  GDP per capita

• Inflation rate

• Poverty rate

• Unemployment rate

What is the name of the famous Gothic cathedral located in the heart of Paris?

• Saint Peter's Basilica

• Notre-Dame Cathedral

• Saint Mark's Basilica

• Saint Paul's Cathedral

Which measure is used to track changes in the size of an entire economy?

• Standard of living

• Inflation rate

• Gross Domestic product

• Unemployment rate

What was the per capita income in South Korea in the 1950s?

• $270

• $67

• $33,790

• $1.6 trillion

How does the informal sector contribute to the overall economy?

• By fostering entrepreneurship and innovation

• By providing goods and services in high demand

• By demonstrating the happiness and prosperity of individuals and society

• All of the above