Dimensions and Strategies of Development Quiz

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What is absolute poverty characterized by?

Limited access to advanced technology

Severe deprivation of basic human needs (correct)

Lack of access to luxury goods

Inequality in society

What is relative poverty based on?

Access to services

The minimum amount of income needed to maintain the average standard of living within a society (correct)

The total level of demand for goods and services

The percentage of unemployed workers in the total labor force

Which economic indicator is used in measuring poverty?

Unemployment

Gross National Income (GNI)

Aggregate GDP (correct)

Inflation

What is Gross National Income (GNI) a measure of?

The total domestic and foreign output Signup and view all the answers

What is the main difference between absolute poverty and relative poverty?

Absolute poverty depends solely on income, while relative poverty considers access to services Signup and view all the answers

Which social indicator is used in measuring poverty?

Infant mortality Signup and view all the answers

What does Gross National Income (GNI) measure?

The total domestic and foreign output Signup and view all the answers

What is the common measure of inequality associated with relative poverty?

Inequality in income Signup and view all the answers

What is the primary characteristic of absolute poverty?

Severe deprivation of basic human needs Signup and view all the answers

Which economic indicator is used to measure the total level of demand for goods and services?

Aggregate GDP Signup and view all the answers

What is the significance of life expectancy as a social indicator in measuring poverty?

It provides insights into the well-being and health of a population Signup and view all the answers

What does the Washington Consensus recommend to developing countries?

Fiscal Responsibility Signup and view all the answers

What is a criticism of the Washington Consensus?

Diminishing Workers Rights Signup and view all the answers

What is a key feature of Neoliberalism compared to Classic Liberalism?

Increasing Privatization Signup and view all the answers

What is a common criticism of the IMF?

Breach of Sovereignty Signup and view all the answers

What is the primary focus of the UN's Millennium Development Goal on gender equality?

Promoting Equal Opportunities for Women Signup and view all the answers

What is the main goal of sustainable development?

Environmental Conservation Signup and view all the answers

What is the primary role of microloans?

Supporting New Business Ventures Signup and view all the answers

What is a consequence of globalization in relation to unskilled labor?

Unemployment for Unskilled Workers Signup and view all the answers

Study Notes

Poverty Measurement

Absolute poverty is characterized by a lack of basic necessities such as food, shelter, and clothing.
Relative poverty is based on the standard of living in a given society, comparing the poor to the rest of the population.
The economic indicator used in measuring poverty is the Poverty Line, which varies across countries.

Economic Indicators

Gross National Income (GNI) is a measure of a country's income, including income earned by citizens and businesses abroad.
GNI measures the total income of a nation, including income from foreign investments.

Inequality and Poverty

The common measure of inequality associated with relative poverty is the Gini Coefficient, which represents the distribution of income or wealth.
The primary characteristic of absolute poverty is the lack of basic necessities.

Economic Indicators (continued)

Aggregate Demand is the economic indicator used to measure the total level of demand for goods and services in an economy.

Life expectancy is a significant social indicator in measuring poverty, as it reflects a country's overall health and well-being.

Development and Globalization

The Washington Consensus recommends liberalization, deregulation, and privatization to developing countries.
A criticism of the Washington Consensus is that it prioritizes economic growth over social welfare and equality.
A key feature of Neoliberalism compared to Classic Liberalism is its emphasis on the free market and limited government intervention.
A common criticism of the IMF is that it imposes strict conditions on loans, which can exacerbate poverty and inequality.
The primary focus of the UN's Millennium Development Goal on gender equality is to promote women's empowerment and reduce gender disparities.
The main goal of sustainable development is to meet the needs of the present without compromising the ability of future generations to meet their own needs.
The primary role of microloans is to provide small-scale financing to entrepreneurs and small businesses in developing countries.
A consequence of globalization in relation to unskilled labor is that it can lead to job displacement and exploitation.

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Test your knowledge of poverty and development strategies with this quiz on the dimensions and strategies of development. Explore the concept of absolute poverty and its impact on access to basic necessities. This quiz is designed for students of Global Issues at Georgia State University.

Dimensions and Strategies of Development Quiz

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