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Developemtn Economics

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Developemtn Economics
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Developing economies usually have

low CPI

large budget surplus

low GDP per capita

large balance of payment surplus

2.

MULTIPLE CHOICE QUESTION

30 sec • 15 pts

Improving the economic situation - better lives for people

urbanization

industrialization

modernization

economic development

3.

MULTIPLE CHOICE QUESTION

30 sec • 20 pts

Amartya Sen suggests ______ as a possible metric to identify "good economic outcomes"

GDP

capabilities

happiness

functionings

4.

MULTIPLE CHOICE QUESTION

30 sec • 20 pts

According to Michel Todaro, three core values of development are

sustenance, self-esteem and rise in material well-being

expansion in per-capita output, self-esteem and freedom

life sustenance, self-esteem and freedom from survitude

none of them

5.

MULTIPLE CHOICE QUESTION

30 sec • 20 pts

Supporters of the new view of economic development

believe the development process can be usefully measured by improvements in a country's balance of payment

believe that development is primarily an economic phenomenon in which per capita GNP growth will automatically create better quality of life

believe that the focus of development strategies should be on GDP growth

believe that development should be thought of as a multidimensional process

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