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WorksheetsSS 4Q Economic Growth & Development
Total questions: 16
Worksheet time: 12mins
Which can bring about economic growth?
New Investments
New Technology
Additions to the labour force
More land for cultivation
Higher rate of specialization
Which are measures of economic growth?
GNP
Income Rate
GDP
Low Poverty Rate
Rate of specialization
Which are measures of economic growth?
GNP
Income Rate
GDP
Low Poverty Rate
Rate of specialization
Indicators of Economic Growth
Technological Advancement
Human Development Index
Consumer Price Index
Foreign Investment Rates
Monthly Unemployment Rate
Economic Growth can lead to.....
Increased Employment
Increased Revenue
Increased Consumption
Increased Income
Increased Freedoms
Negative effects of Economic Growth include.......
Resource Depletion
Consumerism
Low Wages
Inequitable Income Distribution
Negative Externalities
Economic Development aims to.....
Improve Standard of Living
Reduce Inequality
Reduce Poverty
Reduce Unemployment
Objectives of Economic Development
Lower Poverty
Increase available Life Sustaining Goods & Services
Higher Incomes for people
Increase Freedom to make Economic & Social Choices
True or False: Poverty means (a)
the state or condition in which a person or community lacks the financial resources to enjoy a minimum standard of living. The income earned by a person is so low that basic human needs cannot be meet.
the numerical quotient of national income divided by the population, in monetary terms
GDP
GDP/GNP Per Capita
GNP
Human Development Index
a statistical measure developed by the UN to assess a nation’s level of development based on economic indicators, longevity and education
GDP
GDP/GNP Per Capita
GNP
Human Development Index
Which is a more accurate measure of Economic Growth?
GDP
GDP/GNP Per Capita
GNP
Human Development Index
Bottomline:
Economic Development needs Economic Growth
Economic Growth can on go without Economic Development
Economic Growth is just a component of Economic Growth
Economic Growth is focused on output while Economic Development on improving standard of living
the process of growing the economy in a way that improves the quality of life for everyone
Economic Growth
Poverty Reduction
Economic Devlopment
Postitive Externalities
It refers to an increase in the total output and productivity of an economy
Economic Growth
Poverty Reduction
Economic Devlopment
Postitive Externalities
Factors of Economic Development
Human Resources
Natural Resources
Capital Formation
Technological Change
