Measuring Development in Economics

Measuring Development in Economics

12th Grade

15 Qs

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Measuring Development in Economics

Measuring Development in Economics

Assessment

Quiz

Fun

12th Grade

Practice Problem

Hard

Created by

Hugh Pollock

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a commonly used indicator to measure economic development?

Gross Domestic Product (GDP)

Human Development Index (HDI)

Consumer Price Index (CPI)

Balance of Payments (BOP)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Human Development Index (HDI) is composed of which three dimensions?

Health, Education, and Income

Employment, Inflation, and Trade

Population, Technology, and Environment

Infrastructure, Governance, and Culture

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a component of the Human Development Index (HDI)?

Life expectancy at birth

Mean years of schooling

Gross National Income (GNI) per capita

Unemployment rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Gini coefficient measure?

Economic growth

Income inequality

Inflation rate

Trade balance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a limitation of using GDP per capita as a measure of development?

It accounts for income distribution

It includes non-market transactions

It does not consider environmental degradation

It measures the quality of life

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which index measures the gender gap in human development achievements?

Gender Development Index (GDI)

Gender Inequality Index (GII)

Global Gender Gap Index (GGGI)

Gender Parity Index (GPI)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "Purchasing Power Parity" (PPP) refer to in the context of measuring development?

The exchange rate between two currencies

The amount of goods and services that can be purchased with a unit of currency

The balance of trade between two countries

The level of foreign direct investment in a country

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