Podcast
Questions and Answers
What do economic indicators show?
What do economic indicators show?
- The average wealth in a country (correct)
- The quality of life in a country
- The distribution of wealth in a country
- The amount of money spent in a country
Why might wealth not always be evenly spread?
Why might wealth not always be evenly spread?
- Because of fluctuations in the stock market
- Because of differences in government policies (correct)
- As a result of natural disasters
- Due to unequal access to education
What do social indicators show about a country?
What do social indicators show about a country?
- The average income in the country
- How much money the country has
- How the country uses its wealth to improve lives (correct)
- The government's spending on social programs
What does the death rate social indicator measure?
What does the death rate social indicator measure?
Why is it important to consider what can be bought with wealth?
Why is it important to consider what can be bought with wealth?
What do economic indicators not always accurately represent?
What do economic indicators not always accurately represent?
Why is it important to consider more than one economic indicator?
Why is it important to consider more than one economic indicator?
What do social indicators aim to show?
What do social indicators aim to show?
What might be misleading if only GDP per Capita is considered?
What might be misleading if only GDP per Capita is considered?
Why might wealth not always equate to a high quality of life?
Why might wealth not always equate to a high quality of life?
What does the GDP per Capita (2018) measure?
What does the GDP per Capita (2018) measure?
Why might relying solely on GDP as an economic indicator be misleading?
Why might relying solely on GDP as an economic indicator be misleading?
What is the main limitation of using death rate as a social indicator?
What is the main limitation of using death rate as a social indicator?
What does the statement 'Wealth needs to be taken in respect of what can be bought for that money' imply?
What does the statement 'Wealth needs to be taken in respect of what can be bought for that money' imply?
What is the primary purpose of social indicators?
What is the primary purpose of social indicators?
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