Economic Development and Sectors Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following sectors does not fall under the primary sector?

  • Forestry
  • Manufacturing (correct)
  • Agriculture
  • Mining

According to Colin Clark, there is a strong correlation between occupational structure and economic development.

True (A)

What are the two main methods for comparing economic development over time?

Comparison within the country and comparison with other countries.

In under-developed countries, a majority of the working population is engaged in the ______ sector.

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

Match the following economic sectors with their corresponding industries:

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

Which of the following is not considered a criterion to measure economic development?

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

An increase in per capita income always guarantees an improvement in the standard of living.

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

What is the main argument against using the standard of living as the sole indicator of economic development?

<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

What are the three main indicators used in the Physical Quality of Life Index (PQLI)?

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

The Physical Quality of Life Index (PQLI) is intended to completely replace GNP as a measure of a country's development.

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

What is the formula for calculating the Physical Quality of Life Index (PQLI)?

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

The Human Development Index (HDI) was invented by _______ and _______.

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

Match the following indicators with their corresponding definitions:

<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

The HDI considers real GDP per capita as one of its social indicators.

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

What are the three main components of the Human Development Index (HDI)?

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

Which of the following is TRUE about the PQLI?

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

Which of the following indicators are NOT included in the World Bank's initial set of indicators for measuring economic development?

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

High basic-needs attainment has a negative correlation with the rate of growth of per capita GNP.

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

What is the key argument for using infant mortality as an indicator of economic development?

<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

Besides national averages, the text emphasizes the need for basic-needs measures by ______ to get a more accurate picture of economic development.

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

Match the following basic needs indicators with their corresponding categories:

<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

The text highlights that GNP per capita remains an important indicator of economic growth. However, what other aspect does it emphasize the need to consider?

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

The UN Universal Declaration of Human Rights only focuses on civil and political rights, such as freedom of speech and the right to vote.

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

What is the main argument for considering the satisfaction of basic needs as a human right?

<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

Which of the following is a primary focus of economic development?

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

The G7 includes Japan and Canada but does not include the United States.

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

What does GDP stand for?

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

The __________ is a measure used to evaluate economic and social development, known as the Human Development Index.

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

Which organization is responsible for the administration of international trade rules?

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

Match the following abbreviations with their meanings:

<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

Basic needs are considered a human right in the context of economic development.

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

Name two classifications of countries based on economic development.

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

What is the main purpose of the Physical Quality of Life Index (PQLI)?

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

The PQLI includes only economic indicators such as GNP per capita.

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

Who invented the Physical Quality of Life Index (PQLI)?

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

The PQLI is constructed using three component indicators: infant mortality, life expectancy at age one, and ________.

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

How is the PQLI index calculated?

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

Match the following indicators with their definitions:

<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

An increase in life expectancy indicates a decrease in quality of life according to PQLI.

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

What does the best performance in life expectancy and literacy represent in the PQLI?

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

Which of the following best describes Gross Domestic Product (GDP)?

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

Net exports refer to the total value of goods and services produced domestically only.

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

What is the primary focus of the basic-needs approach?

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

Gross National Product (GNP) includes income earned by residents from overseas investments while excluding income earned by foreign residents within the domestic economy.

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

Match the following economic terms with their definitions:

<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

Which of the following is NOT considered a basic need according to the basic-needs approach?

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

The basic-needs approach focuses on maximizing output in developing countries.

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

Name one possible indicator of basic needs.

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

Flashcards

Economic Development

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

Measures of Economic Development

Indicators used to assess the economic progress of countries.

Basic Needs Attainment

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

Classification of Countries

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

Signup and view all the flashcards

Human Development Index (HDI)

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

Signup and view all the flashcards

Multinational Corporations (MNCs)

Companies operating in multiple countries, influencing economic development globally.

Signup and view all the flashcards

Low-Income Countries (LICs)

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

Signup and view all the flashcards

World Trade Organization (WTO)

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

Signup and view all the flashcards

Methods of Comparison

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

Signup and view all the flashcards

Occupational Pattern

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

Signup and view all the flashcards

Colin Clark's Sectors

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

Signup and view all the flashcards

Primary Sector

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

Signup and view all the flashcards

Secondary Sector

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

Signup and view all the flashcards

Tertiary Sector

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

Signup and view all the flashcards

Standard of Living

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

Signup and view all the flashcards

Economic Progress Shift

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

Signup and view all the flashcards

Propensity to consume

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

Signup and view all the flashcards

Subjective standard of living

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

Signup and view all the flashcards

Human Development Indices

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

Signup and view all the flashcards

Physical Quality of Life Index (PQLI)

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

Signup and view all the flashcards

M.D. Morris

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

Signup and view all the flashcards

Components of PQLI

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

Signup and view all the flashcards

Scale of PQLI

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

Signup and view all the flashcards

Calculation of PQLI

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

Signup and view all the flashcards

Infant Mortality Rate (IMR)

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

Signup and view all the flashcards

Life Expectancy Index (LEI)

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

Signup and view all the flashcards

Literacy Index (LI)

An indicator measuring the basic literacy rate within a population.

Signup and view all the flashcards

Morris's Index Limitations

PQLI does not measure total welfare or economic development.

Signup and view all the flashcards

IMRI Calculation

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

Signup and view all the flashcards

Year of HDI Introduction

The Human Development Index was introduced in 1990 by UNDP.

Signup and view all the flashcards

Calorie Supply

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

Signup and view all the flashcards

Literacy Rates

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

Signup and view all the flashcards

Life Expectancy

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

Signup and view all the flashcards

Infant Mortality Rate

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

Signup and view all the flashcards

Access to Sanitation

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

Signup and view all the flashcards

Access to Potable Water

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

Signup and view all the flashcards

Basic Needs Data

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

Signup and view all the flashcards

Socioeconomic Rights

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

Signup and view all the flashcards

Gross National Product (GNP)

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

Signup and view all the flashcards

Gross Domestic Product (GDP)

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

Signup and view all the flashcards

Net Exports

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

Signup and view all the flashcards

Basic Needs Approach

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

Signup and view all the flashcards

Economic Growth

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

Signup and view all the flashcards

Poverty Reduction

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

Signup and view all the flashcards

Income Distribution

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

Signup and view all the flashcards

Indicators of Basic Needs

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

Signup and view all the flashcards

Related Documents

More Like This

Use Quizgecko on...
Browser
Browser