Grade 11 Economics _Economic growth and Development Lesson 1

The outcomes of economic development include:

• Improved living standards

• Increased unemployment

• Decreased access to education

• Worsening healthcare

The difference between economic growth and economic development is:

• Economic growth refers to an increase in a country's output, while economic development includes improvements in living standards and quality of life.

• Economic growth and economic development mean exactly the same thing.

• Economic development only measures GDP, while economic growth measures education and health.

• Economic growth focuses on social progress, while economic development focuses only on income.

Which of the following is a method of economic development?

• Industrialization

• Deforestation

• Isolationism

• Resource depletion

The characteristics of developing countries include:

• Low per capita income

• High industrialization

• Advanced technology

• High standard of living

The conclusion about economic development is:

• It leads to improved living standards and economic growth.

• It always results in environmental degradation.

• It only benefits the wealthy.

• It causes a decrease in employment opportunities.

Key indicators used to measure economic development include:

• GDP, literacy rate, and life expectancy

• Color of currency, national anthem, and flag design

• Number of sports teams, weather patterns, and cuisine types

• Fashion trends, movie releases, and holiday celebrations

Various classifications of countries used by institutions like the IMF, World Bank, and the UN include:

• Developed, developing, and least developed countries

• Urban and rural countries

• Northern and Southern countries only

• Monarchies and republics

Which of the following is a common characteristic of developing countries, as measured by tools such as GDP per capita and literacy rates?

• Low GDP per capita and high illiteracy rates

• High GDP per capita and high literacy rates

• Advanced technological infrastructure

• Low population growth rates

Indicate whether the following statement is true (T) or false (F): South Africa has a dualistic economy.

• True

• False

Indicate whether the following statement is true (T) or false (F): Development focuses on people.

• True

• False