Economic development is measured on the basis of ?

Related Mcqs:

1. Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?

   A. foreign; domestic
   B. current year; base year
   C. domestic; foreign
   D. base year; current year
   E. intermediate; final

2. The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

   A. flying geese
   B. import substitution
   C. export orientation
   D. commodity expansion

3. By Which scale the value of all economic activity produced by a nation during a given period is measured ?

   A. Gross Domestic Product (GOP)
   B. Gross National output (GNO)
   C. Gross National Product (GNP)
   D. Gross National output

4. During a given period how the economic activity of a nation is measured?

   A. Gross Domestic Product (GOP)
   B. Gross National output (GNO)
   C. Gross National product (GNP)
   D. Gross National Output

5. Economic growth can be measured by ?

   A. The CPI
   B. The CBI
   C. GDP
   D. MPC

6. Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?

   A. End benefit
   B. Trickle down
   C. Free market
   D. Capitalism

7. One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are ?

   A. NIC, OPEC and G7
   B. Low income , middle income and high income
   C. Southeast Northeast and Southwest
   D. Asia, America and Europe

8. Economic development ?

   A. Is the same as economic growth
   B. Means improvement in lifestyle
   C. Exists when there is equal distribution of income
   D. All of the above

9. Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?

   A. traditional
   B. feudal
   C. command
   D. mercantile

10. Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?

    A. end foreign investment
    B. develop their vast natural resources to achieve economic growth
    C. utilize the concepts of capitalism to improve their economies
    D. nationalize most major industries and restrict competition