
IB CHAP 4
Authored by Nguyễn Hưng
English
University
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37 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following terms refers to the broadest measure of economic development of a country?
gross domestic product (GDP)
purchasing power parity (PPP)
gross national product (GNP)
human development index (HDI)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ is the value of all goods and services produced by the domestic economy over a one-year period.
Gross domestic product (GDP)
Human development index (HDI)
Gross national product (GNP)
Purchasing power parity (PPP)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ________ of a country is its gross national product divided by its population.
GNP per capita
GDP per capita
purchasing power parity
purchasing power
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The relative ability of two countries' currencies to buy the same basket of goods in those two countries is called ________.
gross national product
gross domestic product
purchasing power
purchasing power parity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An investor wants to invest in a country that has a high gross national income (GNI). Which of the following countries would most likely qualify as a prospect?
Nepal
India
Japan
Vietnam
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following terms is used to refer to the exchange of goods and services for other goods and services instead of money?
fiat money
letter of credit
barter
guanxi
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The GDP per capita of a country is lower than that of France. If the GDP per capita of the country is adjusted for PPP, the country's revised GDP is higher than that of France. Which of the following is most likely true about the country?
The cost of living in the country is higher than that of France.
The cost of living in the country is lower than that of France.
The cost of living in the country is approximately equal to that of France.
The cost of living in the country has increased over the past decade.
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