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Development Economics Flashcards | StudBud

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Development Economics

10 terms·StudBud Administration·155 plays

Economic development Edexcel A

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Questions 10

Answers

1
Economic growth is necessary and sufficient to eradicate most of absolute poverty.
True
False
2
Gross Domestic Product is the value of
all goods & services provided by government in a year
all goods produced in a country in a year
all goods & services exported by a country in a year
all goods & services produced in a country in a year
3
Economics development is the process of improving the
long run trend rate of economic growth
percentage annual increase in real GDP
efficiency of government spending
economic wellbeing of a community & raising living standards
4
Which of the following would typically be considered “human capital”?
Religious world views and trust
Health and education
Gender and race
Prime ministers and presidents
5
What are three components of the HDI?
Food, Work, Income
Health, Education, Wealth
Health, Education, Income
Food, Education, Income
6
GDP is criticized as an indicator of development because it takes no account of the distribution of income.
False
True
7
A certain amount of goods and services is necessary for a minimum standard of living. This is called
the concept of development
absolute poverty
an international standard of living
basic needs
8
What does the Gini coefficient measure?
Inequality
Rule of law
General efficiency of the economic system
Poverty
9
Dutch disease is a term used to describe the negative impact on a country of a rise in demand
for its manufactured goods
for its workers, when travel restrictions are relaxed
for its natural resources, due to a fall in commodity prices
for its currency, due to discovery of natural resources
10
With perfect income equality the Gini coefficient in a country would be
1
infinity
0.5
0