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A Level Business Theme 4 - Emerging Economies

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is GDP?

a)

Gross Domestic Product

b)

Grand Domestic Product

c)

Gross Domestic Produce

d)

Gross Dominating Product

2.

What does domestic mean?

a)

Produced within the borders of a country

b)

Produced outside the borders of a country

c)

Bought from another country

d)

Purchased from a bordering country

3.

The total value of all goods and services produced in a country every year.

a)

Imports

b)

Exports

c)

Gross Domestic Product (GDP)

d)

Literacy Rate

4.

A country’s GDP divided by its total population.

a)

GDP per capita

b)

GDP growth rate

c)

Gross Domestic Product

d)

Literacy rate

5.

A tax placed on imported goods

a)

Tariff

b)

Quota

c)

Embargo

d)

Standard of living

6.

A limit on the quantity of an item brought into a country

a)

Tariff

b)

Quota

c)

Embargo

d)

Standard of living

7.

The measure of how well people live in a country

a)

Tariff

b)

Quota

c)

Embargo

d)

Standard of living

8.

What is the Human Development Index?

a)

The health of an individual.

b)

A set of statistics or numbers that rank countries by their development.

c)

The country a person lives in,

d)

The number of preventable diseases in a country.

9.

Which one is NOT a factor when determining the HDI of a country?

a)

Education

b)

Health

c)

Income

d)

Miltary Size

10.
What's GDP?
a)

the value of all the goods and services produced within the country

b)
the valure of all the goods produced within the country
c)
the goods in the country
d)
what I have in my house
11.

More expansion of foreign direct investment can boost:

a)

Unemployment

b)

Supply

c)

Employment

d)

Money circulation

12.

Which of the following are  benefits of Foreign direct investments?

a)

Job creation

b)

Non- improved new technology 

c)

Helping countries with limited resources 

d)

No difference in  government policies

13.

What is Foreign direct investment?

a)

This is when a country makes an investment into a company.

b)

This is when a company makes an investment into a foreign country and has the right to control.

c)

When a domestic country invest into its own companies.

d)

When a foreign individual invest in domestic stock markets

14.

One possible disadvantage of FDI is

a)

transfer pricing and tax avoidance.

b)

interest payments rising.

c)

the DSR rising.

d)

increased foreign ownership.

15.

Which answer choice below defines literacy rate?

a)

Machines, tools, and factories use to make products and goods

b)

The training that workers need to be good at their job

c)

The amount of people over 15 in a country that can read write

16.

What would be the result of the actions in the sentence below ?

A country builds schools and universities and invest in other education programs for its population to attend.

a)

The population will buy more capital goods

b)

The population will have a high literacy rate

c)

The country’s workforce will decrease

17.

When is an economy in a recession?

a)

When there are 2 consecutive period of positive growth

b)

When an economy's revenue exceeds its expenditure

c)

When there are 2 consecutive periods of negative growth

d)

When there are 2 consecutive periods of negative capital investment

18.

A developed country often has greater economic growth and a developing country.

a)

True

b)

False

19.

Which country is an example of an emerging economy?

a)

Brazil

b)

United Kingdom

c)

Europe

d)

United Arab Emirates

20.
Importing and Exporting are needed because countries specialize.
a)
True
b)
False