EcoDEv Finals

1.       What is the term used by economists to signify the combined valuation of services and products manufactured by citizens of a particular nation and their cumulative property price?

• Gross Domestic Product

•       Net Domestic Product

• Gross National Product

• Net National Income

2. In which industrial sector there is ample probability in having a disguised unemployment scenario?

• Industry sector

• Manufacturing industries

•      Agricultural sector

•    Small scale industry

3.       Where we have put a few instances which are commonly referred to as scenarios that explain the economic growth and development of a country by general population.  Please choose the option that specifically explains economic growth?

•      Improvement in production frequency

•   Advancement of the distribution or chain networks

•    Technological upgrades

• Each of the above options is true

4.       Choose the indicator which is not a determining factor for an economically strong nation?

•     Commendable literacy rate

•   Significant lower risks of death from chronic diseases

•   Significant proportion of workers directly involved in the primary industrial sectors to earn their livelihood

•   Improved figures of income capita

5.       What is the underlying concept of economic development?

• It is just another synonymous term with economic growth

•    It is obtained by tracking output or product allocation

•      Economic development is sustainable improvement in GNP/GDP

•     Improving the livelihood of urban people

6.       Choose the option that lists the correct set of indicators that are eligible for assessing the quality of life of a particular country?

• Crime frequency, housing conditions, and water pollution

•     Water pollution, air pollution index, and sanitation status

•    Infant mortality rate, literacy rate among adults, and average life expectancy

•     None of the above

7.       Among the following four options can you choose the correct indicator that is considered an index of growth?

• Overall improvement in the country’s income would directly affect the individual income of the citizens.

•      Improvement in country’s income in accordance to present price over time

• An enhancement in national gains at constant rates throughout an annual financial cycle

• A stable increase that is perceived through real parameters per capita income

8.       Which of the following is a non-economic factor of growth?

•    Ideal legislative structure

•   Collection of natural resources

• Growth of overall population in course of time

• Capital accumulation

9.       What information can be derived specifically through the Lorenz curve?

•    Poverty gap between developed, developing and marginalized economies

•    The transformation of gross domestic product per capita over time

•    Income concentration against  the 45-degree curve

• None of the above

10.       A country’s economic growth is best reflected by:

• The value of that country’s output

• The value of that’s country’s untapped natural resources

•    The citizen’s quality of life

•   The number of citizens enrolled in schools