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WorksheetsGrowth and Development CSEC Based
Total questions: 25
Worksheet time: 16mins
Some countries in our region are experiencing a lack of industrialization, a low standard of living and a high population growth rate. Which of the following terms BEST describes the economies of these countries?
Advanced
Developed
Developing
Agricultural
Economic growth is measured by
Infrastructural changes
Changes in real GDP per capital
Changes in gross domestic product
Accumulation of capital goods
Some developing countries try to achieve economic growth with less governmental participation. This is MOST likely to be achieved through increased
Private Investment
Public Expenditure
State Planning
Trade Barriers
What is economic growth?
An increase in real gross domestic product per capita
An increase in nominal gross domestic product
An increase in national income
National income increasing at a faster rate than the rate of inflation
All of the following are drivers of economic growth EXCEPT:
Human Capital
Land and other natural resources
A large dependent population
Technological advancement
When an economy which was once booming suddenly starts to experience low demand for goods and services, leading to companies and businesses closing down, rising unemployment and falling standards of living, the country is said to be experiencing
A recession
A revaluation
An externality
A disequilibrium
In order to financially aid in the developmental projects of sub regions, this body engages in the fair and balanced distribution of funds
World Bank
Central Bank
International Monetary Fund
Caribbean Development Bank
This body is mandated to monitor, record, analyze and provide information about the social and economic development of countries globally.
World Bank
Central Bank
International Monetary Fund
Caribbean Development Bank
Economic development leads to all of the following EXCEPT:
Increased access to health care
Increase real per capital gross domestic product
Increased access to education
Increased dependence on the agricultural sector
What is NOT a source of underdevelopment?
Insufficient natural resources
High birth rates
Undeveloped human capital
Increasing GPD
A measure of wealth, basic needs and material comfort a person has access to
Quality of Life
Economic Growth
Standard of Living
Economic Development
The degree to which an individual is healthy, comfortable, and able to participate in or enjoy life events
Quality of Life
Economic Growth
Standard of Living
Economic Development
Select all the items that DO NOT determine a country's standard of living and quality of life
Real GDP
Life expectancy
Diet and Nutrition
Freedom and Justice
All of the above are used to determine standard of living and quality of life
The total value of all final goods and service produced by a country’s citizens
GDP
GNP
GNI
Real GDP
The total GDP divided by the population of the said country
Real GDP
Nominal GDP
GDP per capita
Ceteris paribus
Which of the following is TRUE?
Economic growth can occur without economic development
Economic development can occur without economic growth
Economic growth always leads to economic development
Economic growth and economic development do not relate to each other
Select all the items that are included in the Human Development Index (HDI).
Nominal GDP
Life expectancy
Real GDP per capita
GNP
Literacy rates
National income is used to measure _______ in an economy?
economic activity/growth
economic stability
inflation
income
A higher GDP generally correlates to a___________ standard of living.
higher
lower
unrelated
A shoe produced in South Korea and sold in the U.S.
Included in South Korea GDP
Included in U.S. GDP
Included in the Canadian GDP
Select all the ways to calculate GDP?
Income Approach
Demand Approach
Expenditure Approach
Output Approach
GDP per capita refers to:
GDP for the capital of the country
GDP minus capital gains
GDP divided by the population
GDP multiplied by the population
Comparing GDP over several time periods can help us to see:
Changes in political parties
Changes in economic growth
Changes in the education levels
Climate change
what does GDP stand for:
Great Domestic Products
Gross Distributed Product
Gross Domestic Product
Great Distributed Product
