PC 5B (Describing Development MCQ)

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__ is economic activities in all societies involve the production of foods and the extraction of resources. These include growing crops, raising livestock, grazing, fishing and mining.

• Primary

• Secondary

• Tertiary

• Quaternary

__ is economic activities that is manufacturing or production of goods. Example is, logs are cut into wooden planks and then assembled into furniture.

• Primary

• Secondary

• Tertiary

• Quaternary

__ is economic activities that deal with services. This sector is identified by a variety of services performed by people and businesses. Services include occupations like teachers, nurses, doctors, or retailers.

• Primary

• Secondary

• Tertiary

• Quaternary

__ is economic activities that consist of those involving information processing and management. This could include a general manager or computer programmer.

• Primary

• Secondary

• Tertiary

• Quaternary

What does GDP stand for?

• Gross Domain Product

• Gross Domestic Product

• Good Domain Product

• Good Domestic Product

What Range of GDP Per Capita is considered high income nations?

• 50,000-20,000$

• 125,000-75,000$

• 20,000-10,000$

• 1,000,000-750,000$

What country is a high income nation per capita?

• Japan

• Mexico

• Russia

• North Korea

___ elements that affect people’s well-being, whether they are market transactions or not.

• Standard of Living

• GDP

• GDP per Capita

• ___ measures amount of money spent on goods and services

• GDP

• Salary

• Income

• Credit Rating

What part of the world is considered low income nations per capita GDP?

• North America

• Western Europe

• Africa

• Eastern Europe