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Economic Development 1-0

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

Which level of development is a country where most people work at the subsistence level?

a)

More Developed

b)

Newly Industrialized

c)

Less Developed

2.

Countries with high levels of literacy and higher education are in which level of economic development?

a)

More Developed

b)

Newly Industrialized

c)

Less Developed

3.

Countries with weak infrastructure [communication/ transportation/ healthcare/ education systems] are in which level of economic development?

a)

More Developed

b)

Newly Industrialized

c)

Less Developed

4.

True or False. Economic Development refers to how advanced an economy is.

a)

True

b)

False

5.

Gross Domestic Product is...

a)

the total value of all goods and services produced by a nation in a year.

b)

the value of goods and services produced in a year in a nation by a person.

c)

a product that is domestically gross.

6.

What does a literacy rate show?

a)

a percentage of people who can drive.

b)

a percentage of people who can read and write.

c)

a percentage of people who can speak English.

7.

Which is the LEAST developed among the following regions?

a)

North America

b)

South America

c)

East Asia

d)

Sub-Saharan Africa

8.

The basic material from which a product is made.

a)

rescue resources

b)

capital resources

c)

human resources

d)

natural resources

9.
Free enterprise is an economic system in which people -
a)
are free to buy and sell goods and services with little control by the government.
b)
can only buy products from government selected companies.
c)
must sell their products at the lowest price possible. 
10.

The average annual income of a worker in a country.

a)

Per Capital GDP

b)

GDP (Gross Domestic Product)

c)

Labor Force by Occupation