Economic Growth Statistics Quiz
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Questions and Answers

According to the World Bank World Development Report of 1982, what were the growth rates of agriculture and GDP in the Asian economies during the 1970s?

  • Agriculture: 3%; GDP: 5% (correct)
  • Agriculture: 2%; GDP: 8%
  • Agriculture: 8%; GDP: 2%
  • Agriculture: 5%; GDP: 3%
  • What does the sectoral distribution of GDP employment as a percentage of the labor force in Taiwan indicate?

  • A transformation from industry to agriculture, and services to industry
  • No transformation, the distribution remained constant
  • A transformation from agriculture to industry, and services to industry (correct)
  • A transformation from industry to services, and agriculture to industry
  • Which stage in land preparation helps prevent the growth of grass and snails in a rice field?

  • Levelling of the rice field (correct)
  • Harrowing of the rice field
  • Tilling of the rice field
  • Irrigation of the rice field
  • According to the World Bank World Development Report of 1982, which Asian countries demonstrated agricultural growth of 1-3% and GDP growth of 3-5% in the 1970s?

    <p>Bangladesh, India, Pakistan, and Sri Lanka</p> Signup and view all the answers

    What is the second principal factor in the economic development of a country?

    <p>Microeconomic policies and the role of each sector in the economy</p> Signup and view all the answers

    What was the overall trend in the sectoral distribution of GDP employment as a percentage of the labor force in Taiwan?

    <p>Transformation from agriculture to industry, and services to industry</p> Signup and view all the answers

    What are some factors that contributed to increased agricultural productivity in Asia according to the text?

    <p>Improved irrigation, double-cropping, and increased farm size</p> Signup and view all the answers

    Which of the following is considered a tenancy agreement based on the text?

    <p>Tenant agrees to purchase land after a certain period</p> Signup and view all the answers

    Is there an inverse relationship between farm size and overall farm productivity in agriculture?

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

    In Southeast Asian countries like the Philippines, Malaysia, and Thailand, was the initial emphasis on industrial-based exports?

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

    According to Timmer (1991), what characterizes the early phases of industrial development in terms of productivity gap?

    <p>Wide productivity gap between agriculture and the rest of the economy</p> Signup and view all the answers

    Which sector's growth contributes to the expansion of the non-agricultural sector?

    <p>The agricultural sector</p> Signup and view all the answers

    Which of the following policies did the Asian miracle economies adopt towards the agricultural sector?

    <p>They pursued policies in favor of the agricultural sector</p> Signup and view all the answers

    What is the crucial stage in the process of rice production?

    <p>None of the above</p> Signup and view all the answers

    Which of the following best illustrates foreign exchange from agriculture?

    <p>Importation of capital equipment</p> Signup and view all the answers

    What was one reason for the slower economic growth in South Asia compared to the miracle economies?

    <p>South Asian countries did not adopt inward-looking policies early in development</p> Signup and view all the answers

    What is the significance of the agricultural sector's growth for the overall economy?

    <p>It provides surplus for transfer to the non-agricultural sector</p> Signup and view all the answers

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