HG-2 Econ. Geography Practice Test

Which type of economic activity indicates a developed economy?

• business and service sector activities

• Mining and extraction
• Manufacturing industries
• Agricultural production

Based on this description, which conclusion can be made about the Russian Federation?

Russian Federation

•   9th most populous nation in the world
•   73% of population lives in urban areas
•   99.4% literacy rate
•   7th in GDP purchasing power in the world
•   7.6% unemployment rate in 2010

• The Russian Federation has a high urban population and literacy rate, indicating a developed society.
• The Russian Federation is the least populous nation in the world.
• The Russian Federation has a low literacy rate and high GDP per capita.
• The Russian Federation has a low urban population and high unemployment rate.

Use the list below to answer the question.

Characteristics of Panama

•A U.S. dollar-based economy

•Gross Domestic Product based on exporting and tourism 

•Stratified socioeconomic classes

•Organized public school system

Which is the BEST explanation for these characteristics?

• Panama's GDP is primarily driven by manufacturing.
• Panama's economy and social structure are shaped by globalization.

• The country has no organized education system.
• Panama's economy is solely based on agriculture.

What is the Human Development Index?

• A measure that assesses the social and economic development levels of countries.

• An index that only considers GDP per capita.
• A measure of environmental sustainability in nations.
• A ranking of countries based on their military strength.

Gender inequality—the differential access to opportunity and security for women and girls—has become an important and visible issue for the economies of the Middle East and North Africa (MENA). Gender equality issues in MENA are usually approached from a social, anthropological, or political angle. But the costs of inequality are also born at the economic level.

—World Bank

Which statement BEST supports the information in this excerpt?

• Gender inequality is only a social issue in MENA.
• Economic growth in MENA is unaffected by gender inequality.
• Women in MENA have equal access to economic opportunities.
• Gender inequality has significant economic costs that affect the MENA region.

A country with which combination of characteristics most likely has the highest level of development?

• Moderate GDP per capita, low literacy rate, basic healthcare system, and high corruption levels.
• High GDP per capita, high literacy rate, advanced healthcare system, and stable political environment.
• Low GDP per capita, high unemployment rate, poor education system, and frequent political unrest.
• High GDP per capita, low literacy rate, inadequate healthcare system, and unstable political environment.

Which best describes a purpose of international trade?

• To enable countries to specialize and access a wider variety of goods and services.
• To restrict the flow of goods between countries.
• To eliminate competition among countries.
• To promote self-sufficiency in all nations.

Which is an example of how nations depend upon each other for things they need?

• Countries export food to nations with surplus production.
• Nations rely solely on their own resources for energy.
• Countries share technology without any trade agreements.
• Countries import oil from nations with abundant reserves.

What is a country's GDP?

• The GDP of a country is the total value of all goods and services produced within its borders.
• GDP only includes the value of exported goods.
• GDP is the total amount of money a country has in its treasury.
• GDP measures a country's population size.

Which characteristic is most associated with developed economies?

• Low unemployment rates
• low levels of industrialization

• Limited access to education
• High GDP