Economic Indicators and Measurements Quiz

Which of the following indicators would be most adequate to compare the economic development of a foreign country to your home country?

GDP per capita

Which of the following indicators would be most adequate to compare the development of a foreign country, apart from economic factors, to your home country?

Human Development Index

What term would you use to describe a set of guidelines on how to behave to ensure that business ethics and corporate social responsibility are lived within an organization?

Code of conduct

In the context of business ethics, what does the abbreviation CSR stand for?

Corporate Social Responsibility Signup and view all the answers

Which of the following factors is not included in the calculation of the Human Development Index (HDI)?

Gini Coefficient Signup and view all the answers

Which of the following countries has the highest Human Development Index (HDI) value based on the information provided?

Country Beta (HDI = 0.8) Signup and view all the answers

What does the Gross Domestic Product (GDP) per capita measure?

The sum of the gross value of all resident producers in the country divided by the population Signup and view all the answers

What does the GINI coefficient primarily measure?

The level of income or wealth inequality within a country Signup and view all the answers

Which of the following is NOT a dimension of the Human Development Index (HDI)?

Economic growth rate Signup and view all the answers

If a country has a GINI coefficient of 0.2, what can be inferred about its income inequality?

There is a relatively low level of income inequality in the country Signup and view all the answers

Which of the following is typically used as a measure of a country's standard of living?

GDP per capita Signup and view all the answers

What is the primary purpose of the Human Development Index (HDI)?

To measure a country's overall human development across multiple dimensions Signup and view all the answers

What does the Human Development Index (HDI) measure?

A country's overall achievement in key dimensions of human development Signup and view all the answers

Which of the following is NOT a component of the HDI?

Gross national income per capita Signup and view all the answers

What does the GINI coefficient measure?

The disparity in income or wealth distribution among a country's residents Signup and view all the answers

Which metric is commonly used to measure a country's standard of living?

GDP per capita Signup and view all the answers

What is included in the calculation of a country's Gross Domestic Product (GDP)?

Only goods and services produced within the country's borders Signup and view all the answers

Which of the following is a limitation of using GDP per capita to measure a country's standard of living?

All of the above Signup and view all the answers