Econ Dev

What is economic growth usually measured by?

• Gross National Income (GNI)

• Net National Product (NNP)

• Gross National Product (GNP)

• Gross Domestic Product (GDP)

When was the Human Development Index introduced?

• 1985

• 1990

• 2000

• 1975

According to the Population Reference Bureau, how long did it take for the global population to increase from 6 to 7 billion?

• 5 years

• 10 years

• 15 years

• 12 years

What is the predicted world population growth in the next 50 years?

• 10 billion

• 7 billion

• 8 billion

• 9 billion

What was the focus of the International Dependence Model popular in the 1970s and early 1980s?

• Underdevelopment due to dominance of developed countries

• Economic growth through technology

• Agricultural sector development

• Industrial revolution impact

Who introduced the two-sector model focusing on labour movement from agriculture to industry?

• Chenery

• Lewis

• Robert Solow

• Amartya Sen

What is the central idea of Sustainable Development?

• Ignoring social equity for economic prosperity

• Improving quality of life while maintaining natural resources

• Maximizing economic growth at all costs

• Neglecting the environment for short-term gains

According to the Neoclassical Growth Model, what are the three factors of output growth?

• Labour quantity, capital accumulation, technology improvement

• Labour quantity, capital accumulation, technology innovation

• Labour quantity, capital quality, technology improvement

• Labour quality, capital accumulation, technology improvement

What did Karl Marx argue for in terms of property ownership?

• State ownership

• Private ownership

• Corporate ownership

• Public ownership

What is the GINI Coefficient used to measure?

• Income stability

• Income growth

• Income distribution

• Income inequality