BUS 200 Module 5

What is a key requirement for economic development?

• International trade

• Economic growth

• Population growth

• Military spending

Which country followed an investment-led path to economic development?

• India

• China

• Brazil

• Germany

What is the primary indicator of economic development?

• Inflation rate

• GDP and GNP

• Unemployment rate

• Literacy rate

Which of the following defines an advanced country?

• Highly industrialized with a high quality of life

• High population growth rate

• Strong agricultural sector

• Limited infrastructure

What does GNP measure?

• Domestic production only

• Imports and exports

• Total national production, including overseas income

• Government spending

What is the term for economic activity that is not formally registered?

• Shadow economy

• Public sector

• Industrial economy

• Blue economy

Which is a challenge when using gross product figures?

• They are too specific

• They ignore developed nations

• They only provide a snapshot of one year

• They do not include population

Purchasing Power Parity (PPP) compares what?

• Political stability

• Labor costs

• Ability to buy the same basket of goods in different countries

• Literacy rates

Which of the following is NOT part of the Human Development Index?

• Life expectancy

• Education

• Military strength

• Standard of living

Which type of political risk affects all industries in a nation?

• Micro risk

• Macro risk

• Structural risk

• Cultural risk