Q.1
Inflation is a measure of how much the prices of goods, services and wages rise each year. Why does high inflation show that the economy is not developed?
  • Only newly formed economies show high levels of inflation
  • High inflation shows the government does not have control of the economy
  • If rapid inflation occurs the goods will become cheaper for people to buy
  • High inflation means that the GDP is going up rapidly
Q.2
What is the correlation between literacy and GDP per capita?
  • A weak, positive correlation
  • A strong, negative correlation
  • A weak, negative correlation
  • A strong, positive correlation
Q.3
What is the Human Development Index?
  • A measure of how an individual human can help the economy grow
  • The factors that lead to deaths and influence life expectancy
  • A measure of the non-economic aspects of a country's economy
  • The measure of how a government treats its population
Q.4
What is the pattern of development in the EU?
  • All nations are developing at the same rate
  • Some nations are established, whilst others are still emerging
  • All nations are fully developed
  • All nations are developing into advanced economies
Q.5
What is GDP?
  • Gross domestic product - Total value of goods and services produced by the country in a single year
  • Greater domestic production - Total economic output of a country per year
  • Gross demographic product - Total output of the nation per capita (per person)
  • Greater disciplined production - The improvement of the national produce as the country develops
Q.6
What does economic structure measure?
  • The ratio between primary, secondary and tertiary sectors
  • The inequality between the richest and poorest sections of the population
  • The spending priorities of the government
  • The rate of economic growth
Q.7
How will birth and death rates change as economies become more developed?
  • Birth rates and average life expectancy will both go up
  • Birth rates will go up and average life expectancy will go down
  • Birth rates and average life expectancy will both go down
  • Birth rates will go down and average life expectancy will go up
Q.8
Which of these nations is not seen as being economically advanced?
  • The UK
  • Australia
  • United States
  • China
Q.9
What are the spending priorities of an economically advanced economy?
  • Health and Education
  • Military expenditure
  • Paying off debts
  • Controlling internal conflicts
Q.10
Why is the inequality in wealth an important measure of a country's economic development?
  • The greater the inequality, the faster the economy can grow due to very rich individuals
  • Inequality can hinder growth as the poorer members of society struggle with poverty
  • A society is more advanced if everyone has equal wealth
  • Inequality is a minor measure in economic growth
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