Quiz on Measuring Economic Development

What does GNI stand for?

• Gross National Income

• Gross Net Income

• Global National Income

• General National Income

Which index is published annually by the United Nations to measure well-being?

• Gross National Product

• Human Development Index

• Economic Growth Index

• Global Development Index

What is the HDI score range for most developed countries (MDCs)?

• 0.6 to 0.8

• 0.0 to 0.5

• 0.5 to 0.7

• 0.8 or higher

Which of the following is NOT a criterion for the Human Development Index?

• Literacy

• Life expectancy

• Standards of living

• Military strength

What was Ireland's HDI score in 2014?

• 0.799

• 0.899

• 0.699

• 0.999

Which country is used as a case study for NICs in the text?

• Taiwan

• India

• Brazil

• South Korea

What is a characteristic of least developed countries (LDCs)?

• High levels of industrial activity

• High life expectancy

• Rely heavily on agriculture

• High literacy rates

Which of the following is a feature of newly industrialised countries (NICs)?

• High average income

• High reliance on agriculture

• Increase in manufacturing and services

• Decrease in manufacturing

What is a common issue with using GNI as a measure of economic development?

• It is not recognized globally

• It is always accurate

• It does not consider informal economy

• It measures only agricultural output

What is the life expectancy rate mentioned for Ireland in 2014?

• 80.7 years

• 78.2 years

• 85.3 years

• 75.5 years