Economic Development

Economic Development

12th Grade

10 Qs

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Economic Development

Economic Development

Assessment

Quiz

Geography

12th Grade

Practice Problem

Medium

Created by

Kingsley Mamah

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GDP growth measure in an economy?

Total value of goods and services consumed

Total value of goods and services produced

Total value of goods and services imported

Total value of goods and services exported

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the difference between nominal GDP and real GDP.

Nominal GDP is not adjusted for inflation, while real GDP is adjusted for inflation.

Nominal GDP is adjusted for inflation, while real GDP is not adjusted for inflation.

Nominal GDP and real GDP are the same thing.

Real GDP is calculated quarterly, while nominal GDP is calculated annually.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does sustainable development differ from traditional economic development?

Sustainable development prioritizes short-term economic gains over long-term environmental and social considerations, unlike traditional economic development.

Sustainable development focuses only on economic growth, while traditional economic development considers long-term environmental and social impacts.

Sustainable development considers long-term environmental and social impacts, while traditional economic development primarily focuses on economic growth.

Sustainable development does not take into account any environmental or social impacts, unlike traditional economic development.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some key indicators used to measure sustainable development?

Stock market performance, political stability, technological advancements

Inflation rates, air pollution levels, gender equality

GDP growth, carbon emissions, energy consumption, poverty rates, education levels, access to clean water

Unemployment rates, deforestation levels, healthcare access

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is GDP growth alone not a sufficient indicator of economic development?

GDP growth accurately reflects income distribution

GDP growth does not consider important factors like income distribution, quality of life, environmental sustainability, and social welfare.

GDP growth has no impact on social welfare

GDP growth is the only factor that matters in economic development

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Discuss the concept of inclusive growth in the context of economic development.

In the context of economic development, inclusive growth aims to create opportunities for all individuals to participate in and benefit from the growth process, regardless of their socio-economic background.

Inclusive growth promotes inequality and discrimination among different social groups.

Inclusive growth focuses on benefiting only the wealthy individuals in society.

Inclusive growth is a concept that excludes marginalized communities from economic development.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does technology play in promoting economic development?

Technology hinders economic development by increasing unemployment rates.

Technology has no impact on economic development.

Technology only benefits large corporations, not small businesses.

Technology enhances efficiency, productivity, innovation, and market access, driving economic growth.

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