Indicators of Economic Development Quiz

What does GDP stand for, and why is it an important indicator of a country's economic development?

• Gross Domestic Product; it measures the total value of goods and services produced in a country.

• General Domestic Product; it measures the number of people living in a country.

• Global Domestic Product; it measures the total exports of a country.

How does the literacy rate indicate a country's level of development?

• It shows the number of schools in a country.

• It indicates the percentage of people who can read and write, reflecting the education level.

• It measures the number of books published in a country.

Which of the following is a reason why life expectancy is used as an indicator of economic development?

• It shows the average number of children per family.

• It reflects the overall health and quality of life in a country.

• It measures the number of hospitals in a country.

What is the relationship between education and economic development?

• Higher education levels often lead to better job opportunities and economic growth.

• Education has no impact on economic development.

• Education only affects cultural development, not economic.

Why might a developing country have a lower GDP compared to a developed country?

• Developing countries have more natural resources.

• Developing countries may have less industrialization and fewer services.

• Developing countries have a higher population.