Unit 10 Economy Test Review

Match the following

• Total value of goods and services produced in a country

• Infant Mortality Rate

• Measures of well-being in a country

• Gross Domestic Product

• Percentage of literate population in a given age group

• Life Expectancy

• Number of years a person is expected to live

• Human Index Development

• Number of deaths of infants under one year old per 1,000 live births

• Literacy Rate

Match the following

• Retail, Food Service,

  Cosmetology

• Secondary Economic Activities

• Agriculture

• Tertiary Economic Activities

• Doctors, Teachers,

  Software Developers

• Primary Economic Activities

• Manufactory / Factory jobs

• Quaternary Economic Activities

The gross domestic product (GDP) of the United States is $50,859, which is much higher than most countries. Why is the GDP per capita often used as a sign of a country’s standard of living?

• The higher a country’s GDP per capita, the higher the incomes of most people in the country.

• The higher a country’s GDP per capita, the lower the cost of goods and services in the country

• The higher a country’s GDP per capita, the more income the nation has to meet the needs of the people.

• The higher a country’s GDP per capita, the higher the number of people living in comfort and wealth in the country.

Which of the following would be the best title for the bulleted list?

• 1. Economic indicators for a Newly Industrialized Country (NIC)

• Characteristics of a More Developed Country (HDC)

• Economic indicators for a Low Standard of Living Country (LSLC)

• Characteristics of a Less Developed Country (LDC)

Based on the table, which of the following statements describes the country with the highest standard of living?

• Egypt, because it has the largest population, a high birth rate, a relatively low death rate and life expectancy, and a moderate per capita purchasing power when compared to other nations.

• Sudan, because it has a relatively high population, a high birth and death rate, a low life expectancy, and a low per capita purchasing power compared to other nations in the region.

• Tunisia, because it has the lowest birth rate, a relatively low death rate, a high life expectancy, and a higher per capita purchasing power when compared to other nations in the region

• Morocco, because it has a moderate population, a relatively high birth rate, a similar death and life expectancy rate, and a moderate per capita purchasing power rate compared to other nations.

Which of these nations is the least economically developed?

• Argentina

• Bolivia

• Brazil

• Peru

 Using both texts, which of the following states an analysis about the impact of the management of key natural resources and the effect on people and the environment?

• Failure to manage key resources can lead to economic loss and put people at risk for survival; however, offering people ways to successfully manage resources can create growth and improve living conditions

• Most natural resources in the world have been well-managed, leading to environmental development and improvement in human living conditions; furthermore, poor resource management is easy to fix

• In many countries around the world, successful management of natural resources has led to lower standards of living as efforts have been directed at improving the natural environment rather than bettering human lives

• Conservation efforts, while important for improving human quality of life, have generally failed to improve the resilience of natural environments, which have been permanently destroyed through resource mismanagement.

Based on this description, which conclusion can be made about the Russian Federation?

• It has a highly developed economy

• It leads the world in computer technology.

• It promotes free trade in the global economy.

• It is a global leader in environmental affairs.

Which data BEST supports this economic information about Australia?

• Australia’s economy depends primarily on farming and livestock

• Exports are a major sector of Australia’s economy.

• Australia’s service sector is larger than its manufacturing sector.

• Most of Australia’s economic output comes from mining.

Which level of development is most closely associated with countries that have primarily quaternary economic activity?

• Newly Industrialized Countries [NIC]
  

• Highly Developed Countries [HDC]
  

• Less Developed Countries [LDC]
  

• European Union Countries [EU]