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Questions and Answers

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?

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?

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?

The number of deaths per 1000 people in a country (C) Signup and view all the answers

Why is it important to consider what can be bought with wealth?

To understand the standard of living in a country (A) Signup and view all the answers

What do economic indicators not always accurately represent?

The even distribution of wealth (A) Signup and view all the answers

Why is it important to consider more than one economic indicator?

Because one indicator may not provide enough information about a country's economy (A) Signup and view all the answers

What do social indicators aim to show?

How a country uses its wealth to improve the lives of its people (C) Signup and view all the answers

What might be misleading if only GDP per Capita is considered?

The quality of life in a country (C) Signup and view all the answers

Why might wealth not always equate to a high quality of life?

Wealth may not be evenly spread within a country (A) Signup and view all the answers

What does the GDP per Capita (2018) measure?

The average wealth of a country's population (C) Signup and view all the answers

Why might relying solely on GDP as an economic indicator be misleading?

GDP does not reflect the quality of life in a country (B) Signup and view all the answers

What is the main limitation of using death rate as a social indicator?

It does not consider the overall population size (A) Signup and view all the answers

What does the statement 'Wealth needs to be taken in respect of what can be bought for that money' imply?

Wealth should be measured by the availability of basic necessities (D) Signup and view all the answers

What is the primary purpose of social indicators?

To demonstrate how a country utilizes its wealth to improve people's lives (D) Signup and view all the answers