Economic Transition

Which of the following is known for rapid industrialisation and export-led growth?

• BRICS

• Resource Frontier Regions

• NICs

• Asian Tigers

What does the Big Mac Index measure?

• Globalisation

• Income inequality

• Purchasing power parity

• Economic growth

Which model explains the concentration of economic development in core regions?

• Core Periphery Theory

• Clark Fisher Model

• New International Division of Labour

• Cumulative Causation

What is the Gini Index used to measure?

• Economic growth

• Income inequality

• Purchasing power parity

• Environmental sustainability

Which term describes the decline of industrial activity in a region?

• Economic Diversification

• Global Shift

• Decentralisation

• Deindustrialisation

What is the primary focus of a post-industrial economy?

• Manufacturing

• Natural resource extraction

• Services and technology

• Agriculture

Which of the following is a measure of well-being and environmental sustainability?

• Happy Planet Index

• Human Development Index

• Gini Index

• Gross Domestic Product

What does the term 'remittances' refer to?

• Government subsidies

• Money sent by individuals working abroad

• International loans

• Foreign investments

Which sector involves knowledge-based activities like research and IT?

• Tertiary Sector

• Primary Sector

• Quaternary Sector

• Secondary Sector

What is the process of expanding a country's economic base to reduce reliance on a limited range of sectors?

• Globalisation

• Deindustrialisation

• Outsourcing

• Economic Diversification