27/01 Quiz

1.     What are the 3 macroeconomic goals?

• 1. Sustainable and inclusive growth, zero unemployment, price stability.

• 1. Sustainable and inclusive growth, low unemployment, price stability

• 1. Sustained growth, low unemployment, price stability.

What indicator is NOT included in HDI?

• 1. Real GNI per capita, adjusted by PPP exchange rate 

• 1. CO2 emission rates 

• 1. Literacy rate 

• 1. Life expectancy 

Which option is true for real GDP per capita?

• real GDP divided by population size

• 1. Real GDP multiply by population size 

• GDP divided by population size

Which of the following will be counted in GDP but not GNI of Singapore?

• Wage paid to local civil servants

• 1. Wages paid to foreign construction workers working in Singapore

• 1. The value of manufacturing output from Singaporean-owned company

(True/ False) Generally, Real GDP is a better indicator of SOL than HDI.

• True

• False