Economic Development Quiz

What is the key difference between economic growth and economic development?

• Economic growth focuses on quantity, while development focuses on quality
• Economic growth is easier to measure than development
• Economic development always leads to economic growth
• Economic growth only applies to developed countries

Which of the following is NOT a characteristic of economic development?

• Improved education
• Better healthcare
• Increased life expectancy
• Higher GDP growth rate

What does the concept of 'sustainable development' emphasize?

• Rapid economic growth
• Meeting present needs without compromising future generations
• Maximizing short-term profits
• Focusing solely on environmental protection

Which index considers factors such as health, education, and material wellbeing?

• Human Development Index
• Gross Domestic Product
• Physical Quality of Life Index
• Real Per Capita Income

What is a limitation of the Human Development Index (HDI)?

• It doesn't consider income
• It only focuses on developed countries
• The weights used for different items are arbitrary
• It measures economic growth instead of development

Which of the following is NOT a requirement for economic development according to the text?

• Indigenous base
• Socio-cultural change
• Structural change
• Protectionist trade policies

What does 'indigeneous base' mean in the context of economic development?

• Focusing only on native industries
• Initiative and maintenance should come from within the country
• Relying solely on foreign investment
• Promoting only traditional economic activities

Why is population control considered important for economic development?

• To increase the labor force
• To reduce dependency burden and encourage capital accumulation
• To decrease technological innovation
• To limit cultural diversity

Which of the following is an example of economic growth without corresponding economic development?

• Increased life expectancy
• Higher literacy rates
• Production of ammunition during wartime
• Improved access to healthcare

What is a potential negative consequence of rapid economic growth?

• Improved infrastructure
• Overwork at the expense of leisure
• Better education
• More equitable income distribution