Economic Dev Mid Unit Revision

Development is primarily defined as:

• Increased industrialization

• An improvement in living standards through better resource use

• Higher GNI per capita

• Technological advancement

Which indicator is NOT directly part of the Human Development Index (HDI)?

• Life expectancy

• Literacy rate

• Ratio of trees to people

• GNI per capita

Countries with low GNI per capita and low standards of living are classified as:

• NEEs

• HICs

• LICs

• None of the above

The secondary sector of the economy focuses on:

• Farming and fishing

• Manufacturing and production

• Services and trade

• Research and development

Which factor is NOT considered a physical factor affecting uneven development?

• Natural resources

• Education levels

• Natural hazards

• Climate

A trade surplus occurs when:

• Imports exceed exports

• Exports exceed imports

• Imports and exports are equal

• There is no trade

What is a major consequence of uneven development regarding health?

• Higher life expectancy in less developed countries

• Better healthcare in less developed countries

• Longer life expectancy in more developed countries

• Equal healthcare access across all countries

The Demographic Transition Model (DTM) primarily studies:

• Population distribution

• Population change over time

• Migration patterns

• Economic growth

Microfinance primarily involves:

• Large-scale loans to businesses

• Small loans to individuals in LICs

• Foreign direct investment

• Government aid

Foreign direct investment refers to:

• Loans from international banks

• TNC with HQ in one country investing in another country

• International aid programs

• Trade between countries