A. a theory that tells us that exchanged rates between currencies are in equilibrium when their purchasing power is the same in both countries
B. GDP divided by exchange rate
C. a measure of income inequality
D. a measure of infant mortality in developing countries
Related Mcqs:
- The University of Pennsylvania researchers Summers and Heston compute the price level of GDP as the ratio of purchasing power parity (PPP) exchange rate to the actual exchange rate where ?
A. both exchange rates are measured s the domestic currency price of the US-dollar
B. both exchange rates are not converted into international dollars
C. both exchange rate are pegged
D. both exchange rate are converted into Big Mac PPP formula - Lespeyres type indexes use weights from_____________?
A. current period
B. base-period
C. forecasting
D. future year - IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?
A. 276,000
B. 1576,086
C. 0.276
D. 3.623 - According to chapter 2 in the text which of the following is true ?
A. The boundary between rich and poor countries has become clearer in 1990s
B. The fastest growing countries must be the ones with the highest per capita GNP
C. A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand
D. Today all high and Upper-middle income countries are Western. - Infant mortality ?
A. is defined as the annual number of deaths of infant under 1 year old per 1,000 live births
B. reflects the availability of primary education the rights of employments and social security
C. is life expectancy up to age 3
D. reflects the availability of hospitals and childcare facilities and the parents wealth - The formula to calculate Passche price index is (o is the base year and n is the given year) ?
A. P = ΣPnqn/Σpoqn
B. P = ΣPoqo/Σpnqn
C. P = ΣPnqo/Σpoqo
D. P = ΣPnqn/Σpoqo - If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?
A. 1000
B. 260
C. 0.001
D. 259740 - The formula to calculate economic growth from 2001 to 2002 is given by ?
A. [(GDP2002 + GDP2001)/GDP2001]100
B. [(GDP2002 – GDP2001) GDP2001]100
C. [(GDP2002 – GDP2001)/GDP2001]100
D. [(GDP2001 – GDP2002]100 - Which of the following countries is not a low-income country ?
A. Ethiopia
B. Rwanda
C. Somalia
D. Singapore - The Physical Quality of Life Index (PQLI) combines three indicators They are ?
A. infant mortality life expectancy and adult literacy rate
B. crime rate clean environment and quality of housing
C. air pollution rate, Water pollution rate and sanitation
D. health education and environment
