Economic Indicators and Measurements Quiz

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Questions and Answers

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

  • Gini Coefficient
  • Human Development Index
  • Economic growth compared to the previous year
  • GDP per capita (correct)

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 (correct)
  • Gross national product
  • Country Beta
  • GDP growth

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?

  • Economic growth
  • Code of conduct (correct)
  • Knowledge
  • A decent standard of living

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

<p>Corporate Social Responsibility (B)</p> Signup and view all the answers

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

<p>Gini Coefficient (C)</p> Signup and view all the answers

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

<p>Country Beta (HDI = 0.8) (C)</p> Signup and view all the answers

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

<p>The sum of the gross value of all resident producers in the country divided by the population (A)</p> Signup and view all the answers

What does the GINI coefficient primarily measure?

<p>The level of income or wealth inequality within a country (D)</p> Signup and view all the answers

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

<p>Economic growth rate (D)</p> Signup and view all the answers

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

<p>There is a relatively low level of income inequality in the country (D)</p> Signup and view all the answers

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

<p>GDP per capita (B)</p> Signup and view all the answers

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

<p>To measure a country's overall human development across multiple dimensions (C)</p> Signup and view all the answers

What does the Human Development Index (HDI) measure?

<p>A country's overall achievement in key dimensions of human development (D)</p> Signup and view all the answers

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

<p>Gross national income per capita (B)</p> Signup and view all the answers

What does the GINI coefficient measure?

<p>The disparity in income or wealth distribution among a country's residents (B)</p> Signup and view all the answers

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

<p>GDP per capita (A)</p> Signup and view all the answers

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

<p>Only goods and services produced within the country's borders (A)</p> 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?

<p>All of the above (D)</p> Signup and view all the answers

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