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EcoDEv Finals

Authored by Lilian Galang

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University

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EcoDEv Finals
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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