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WorksheetsEconomic Growth and Development
Total questions: 10
Worksheet time: 8mins
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
This value is adjusted for inflation
Real GDP
Nominal GDP
GDP per capita
Ceteris paribus
An outward shift in the PPF depicts
Economic Growth
Economic Development
Economic Decline
A recession
An inward shift in the PPF depicts
Economic Growth
Economic Development
Higher standard of living
A recession/Economic decline
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
