Economic Development and Sectors Quiz

True (A)

Comparison within the country and comparison with other countries.

<p>primary</p> Signup and view all the answers

<p>Primary Sector = Agriculture, fisheries, forestry, mining Secondary Sector = Manufacturing, trade, construction Tertiary Sector = Services, banking, transport</p> Signup and view all the answers

<p>Population growth (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>It is not always practically true as government policies can influence the actual consumption levels of individuals even if national income increases.</p> Signup and view all the answers

<p>Infant Mortality Rate, Life Expectancy, Literacy Rate (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>(IMRI + LEI + BLI) / N</p> Signup and view all the answers

<p>Lord Meghnad Desai and Amartya Sen</p> Signup and view all the answers

<p>Infant Mortality Rate (IMR) = Number of deaths of children under one year old per 1,000 live births Life Expectancy (LE) = Average number of years a newborn infant is expected to live Basic Literacy Rate (BLI) = Percentage of the population aged 15 years and above able to read and write Real GDP per Capita = Average income per person, adjusted for inflation and purchasing power differences between countries</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Life expectancy, adult literacy, and years of schooling</p> Signup and view all the answers

<p>It provides a limited measure of basic needs (B)</p> Signup and view all the answers

<p>Housing quality (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Infant mortality is a good indicator of the availability of sanitation and clean water facilities, as infants are particularly susceptible to waterborne diseases. This makes it a reflection of basic needs fulfillment.</p> Signup and view all the answers

<p>income class, ethnic group, region, and other subgroups</p> Signup and view all the answers

<p>Calorie supply per head = Food Literacy rates = Education Life expectancy at birth = Health Infant mortality = Sanitation and Water Supply Percentage of population with access to sanitation facilities = Sanitation and Water Supply</p> Signup and view all the answers

<p>The distribution and beneficiaries of GNP (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>The text draws upon the Declaration of Independence and the UN Declaration of Human Rights to argue that individuals have inherent unalienable rights, including the right to basic necessities like food, education, and healthcare. These rights are essential for a dignified and fulfilling life.</p> Signup and view all the answers

<p>Improving community well-being (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Gross Domestic Product</p> Signup and view all the answers

<p>HDI</p> Signup and view all the answers

<p>World Trade Organization (A)</p> Signup and view all the answers

<p>FAO = Food and Agriculture Organization IMF = International Monetary Fund UNICEF = United Nations Children’s Fund OECD = Organization for Economic Cooperation and Development</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Developed (high-income) countries and Less-developed (developing) countries.</p> Signup and view all the answers

<p>To assess basic needs and quality of life (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>M.D. Morris</p> Signup and view all the answers

<p>basic literacy at age 15</p> Signup and view all the answers

<p>By averaging the three indicators with equal weight (D)</p> Signup and view all the answers

<p>Infant Mortality Rate = Negative indicator, lower is better Life Expectancy = Positive indicator, higher is better Basic Literacy Rate = Positive indicator, higher is better</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>The maximum value on the scale</p> Signup and view all the answers

<p>Total market value of all finished goods and services produced within a country’s borders (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Minimizing poverty</p> Signup and view all the answers

<p>true</p> Signup and view all the answers

<p>GDP = Total monetary value of goods produced within a country GNP = Total value of goods and services owned by residents, regardless of location Basic Needs = Essential requirements for survival and decent living Net Exports = Exports minus imports of goods and services</p> Signup and view all the answers

<p>Luxury goods (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Health</p> Signup and view all the answers

Programs and policies aimed at improving community well-being and quality of life.

Indicators used to assess the economic progress of countries.

The achievement of essential needs like food, shelter, and health.

Categorization of nations into rich (DCs) and poor (LDCs) based on economic factors.

A composite index measuring a country's average achievements in health, education, and income.

Companies operating in multiple countries, influencing economic development globally.

Nations with a gross national income below a certain threshold, facing economic challenges.

An international body that governs trade rules and resolves disputes between countries.

Two methods used for comparing economic development over time: within a country and with other countries.

The distribution of the working population across different occupations used to measure economic development.

Colin Clark divided the occupational structure into three sectors: Primary, Secondary, and Tertiary.

The sector that includes agriculture, fisheries, forestry, and mining, typically dominant in under-developed countries.

The sector consisting of manufacturing, trade, and construction, where value is added to raw materials.

The sector that includes services such as banking and transport, predominant in developed countries.

A measure of the quality of life based on consumption levels, considered crucial for assessing economic development.

The shift of labor from primary to secondary and tertiary sectors signals economic progress.

The likelihood of people in a country to spend money instead of saving it.

The standard of living is based on personal perceptions, rather than objective measures.

Composite indices that measure social indicators of basic needs in development.

A composite index measuring quality of life in developing countries through three indicators: infant mortality, life expectancy, and literacy.

The economist who developed the PQLI in 1979 to assess basic needs in developing nations.

Infant mortality rate, life expectancy at age one, and basic literacy at age 15 are used to measure development.

Each component indicator is scored from 0 to 100, indicating performance from worst to best.

Average the scores of the three indicators, with special rules for positive and negative indicators.

The number of infant deaths per thousand live births in a year.

A measure reflecting the average number of years a person can expect to live.

An indicator measuring the basic literacy rate within a population.

PQLI does not measure total welfare or economic development.

IMRI = Max. IMR – Actual IMR / Range, reflects the infant mortality index.

The Human Development Index was introduced in 1990 by UNDP.

The average number of calories available per person, expressed as a percentage of daily requirements.

The percentage of people who can read and write in a population, particularly among youth aged 5-14.

The average number of years a person is expected to live at birth, indicating health status.

The number of infant deaths per 1,000 live births; an indicator of health and sanitation access.

The percentage of the population with adequate facilities for disposing of human waste.

The percentage of people who have access to clean drinking water, crucial for health.

Information reflecting the attainment of essential needs like food, shelter, and health, important for economic growth.

Rights that guarantee a level of economic and social well-being, included in human rights declarations.

The total value of goods and services owned by a country's citizens, regardless of location.

The total monetary value of all finished goods and services produced within a country's borders.

The difference between a country's total exports and total imports of goods and services.

An economic strategy targeting essential needs for the poorest portion of the population.

Increase in a country's production of goods and services over time.

Efforts aimed at decreasing the incidence of poverty in a population.

How income is spread among the population, indicating wealth equality or inequality.

Measures that reflect the fulfillment of essential needs like nutrition, health, and education.