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Questions and Answers

What is the primary role of Africa in the world economy historically?

  • As a leader in financial services
  • As a major manufacturing hub
  • As a technological innovator
  • As a source of raw materials and commodities (correct)

Which country is the world's largest producer of platinum?

  • South Africa (correct)
  • Mali
  • Botswana
  • Ghana

Which of the following minerals is produced predominantly in the Democratic Republic of Congo?

  • Cobalt (correct)
  • Diamond
  • Gold
  • Platinum

Why is understanding economic geography important?

<p>It helps explain variations in economic development (D)</p> Signup and view all the answers

Which African countries are noted for their significant diamond production?

<p>Botswana, Angola, South Africa, and DRC (B)</p> Signup and view all the answers

What economic issue does the concept of spatial justice address?

<p>Fair distribution of resources and opportunities (B)</p> Signup and view all the answers

What percentage of the world's cobalt is produced by the Democratic Republic of Congo?

<p>Over 60% (D)</p> Signup and view all the answers

What factor is NOT considered a driver of economic activity's location and organization?

<p>Sustainability practices (A)</p> Signup and view all the answers

What is one of the main challenges faced by the Democratic Republic of the Congo (DRC)?

<p>Widespread poverty and inadequate infrastructure (C)</p> Signup and view all the answers

What is a significant issue in Equatorial Guinea regarding its governance?

<p>Authoritarian governance and widespread corruption (C)</p> Signup and view all the answers

Which sector has Equatorial Guinea's economy heavily relied on?

<p>Oil and gas (C)</p> Signup and view all the answers

How has the oil wealth in Equatorial Guinea affected its population?

<p>It has resulted in poor social indicators for the majority. (D)</p> Signup and view all the answers

What role does economic diversification play in Africa's manufacturing sector growth?

<p>Facilitates policies supporting industrialization and job creation (D)</p> Signup and view all the answers

Which country is identified as a key manufacturing hub for automotive production?

<p>South Africa (D)</p> Signup and view all the answers

What is a consequence of poor governance in Equatorial Guinea?

<p>Limited development and poor social services (D)</p> Signup and view all the answers

Which country in Africa is known for its production of leather and footwear?

<p>Ethiopia (D)</p> Signup and view all the answers

Which country has the largest economy in Africa as of 2023?

<p>Nigeria (D)</p> Signup and view all the answers

What is the estimated GDP per capita of Seychelles in 2023?

<p>$20,000 (D)</p> Signup and view all the answers

Which sector significantly contributes to Egypt's economy?

<p>Suez Canal (C)</p> Signup and view all the answers

Which African country is noted for having one of the highest GDP growth rates exceeding 7% annually?

<p>Ethiopia (D)</p> Signup and view all the answers

What economic challenge does Malawi primarily face?

<p>Low productivity (D)</p> Signup and view all the answers

Which country is classified as the most industrialized in Africa?

<p>South Africa (B)</p> Signup and view all the answers

What is a significant source of government revenue for Nigeria?

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

Trade in Africa is essential for which of the following reasons?

<p>To access larger markets and boost GDP (A)</p> Signup and view all the answers

What has been a primary factor in Zambia's economic growth?

<p>High copper prices and increased production (B)</p> Signup and view all the answers

What major challenge does South Sudan face in managing its oil resources?

<p>Resource-fuelled conflict (B)</p> Signup and view all the answers

Which factor contributes to Nigeria's economic vulnerability?

<p>Dependence on oil revenues (A)</p> Signup and view all the answers

How have revenues from copper mining helped Zambia?

<p>Improved infrastructure development (A)</p> Signup and view all the answers

What is a significant result of the oil dependency in South Sudan?

<p>Vulnerability to oil price fluctuations (D)</p> Signup and view all the answers

What issue arises from corruption in Nigeria's oil revenue management?

<p>Siphoning off oil wealth by officials (C)</p> Signup and view all the answers

What has contributed to the humanitarian crisis in South Sudan?

<p>Resource-fuelled conflict and poor management (A)</p> Signup and view all the answers

Which of the following has Zambia attempted to diversify into, aside from copper?

<p>Agriculture and manufacturing (D)</p> Signup and view all the answers

Which countries are identified as hubs for tech startups and innovation?

<p>Nigeria, Kenya, and Egypt (A)</p> Signup and view all the answers

What has primarily driven the growth of the telecom industry in Africa?

<p>Widespread adoption of mobile phones (D)</p> Signup and view all the answers

Which sectors are experiencing significant evolution due to rising urbanization and incomes?

<p>Retail and real estate (B)</p> Signup and view all the answers

What is a key factor driving the growth of e-commerce in Africa?

<p>Increasing internet penetration (C)</p> Signup and view all the answers

Which of the following is NOT considered a major tourist attraction in Africa?

<p>Beach resorts in the Caribbean (C)</p> Signup and view all the answers

What types of tourism are emphasized in the context of Africa's tourist attractions?

<p>Wildlife safaris and cultural tourism (C)</p> Signup and view all the answers

Which country is famous for wildlife safaris and national parks such as the Serengeti?

<p>Kenya (A)</p> Signup and view all the answers

What is a significant characteristic of the tourism sector in Africa?

<p>It offers a wide range of attractions across different interests. (B)</p> Signup and view all the answers

What does GDP stand for?

<p>Gross Domestic Product (A)</p> Signup and view all the answers

Which type of GDP provides a raw economic output measured at current market prices?

<p>Nominal GDP (C)</p> Signup and view all the answers

What is the purpose of Real GDP?

<p>To adjust for inflation and provide a more accurate economic output (A)</p> Signup and view all the answers

How is GDP per capita calculated?

<p>Total GDP divided by the total population (C)</p> Signup and view all the answers

What does the GDP growth rate indicate?

<p>The percentage increase or decrease in a country's GDP over time (A)</p> Signup and view all the answers

Which of the following is NOT included as an economic indicator?

<p>Current population density (D)</p> Signup and view all the answers

In what way is GDP considered a comprehensive economic measure?

<p>It shows the total production within a country's borders (C)</p> Signup and view all the answers

What does an increase in GDP typically indicate about a country's economy?

<p>The economy is growing and producing more (A)</p> Signup and view all the answers

Flashcards

Natural Resources

Naturally occurring materials used in economic activities, like minerals, oil, and agricultural products.

Economic Inequality

Unequal distribution of economic resources and opportunities across different regions.

Spatial Justice

Fair and equal distribution of economic resources and opportunities across a geographic area.

Economic Geography

Study of how economic activities are organized across space and the factors influencing this organization.

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Raw Materials

Unprocessed materials, like minerals or agricultural products, extracted from nature for industrial use.

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Africa's Role (Economy)

Evolving from a primary role as a source of raw materials and commodities to a diverse global participant.

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Platinum Group Metals (PGMs)

A group of metals like platinum, palladium, and others, vital for industrial applications and valuable in the market.

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Cobalt

Essential mineral, primarily produced in the Democratic Republic of Congo, used in rechargeable batteries.

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Zambia's Economy

Zambia's economy is largely reliant on copper mining, but efforts are being made to diversify into agriculture and manufacturing.

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Infrastructure Improvement

Zambia uses copper revenue to improve infrastructure like roads and electricity, boosting economic development.

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South Sudan's Oil Conflict

Conflict in South Sudan revolved around control of oil resources, leading to a humanitarian crisis and economic collapse.

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Economic Dependence on Oil

Countries like South Sudan and Nigeria heavily rely on oil revenue, making them vulnerable to global price fluctuations and hindering diversification.

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Resource-Fueled Conflict

Conflicts can arise when control of valuable resources (like oil) is disputed among factions.

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Corruption in Nigeria

Nigeria is facing the challenge of corruption in managing oil revenue, leading to mismanagement of funds.

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Economic Diversification

Efforts to reduce reliance on a single industry (like oil or copper) and broaden economic activities into alternative sectors.

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Oil Revenue Management

Effective governance and institutions are crucial in managing oil revenues to avoid conflicts, ensure fair distribution, and support long-term economic development.

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DRC poverty

Despite mineral wealth, the Democratic Republic of Congo remains poor with weak infrastructure and social services.

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Equatorial Guinea's Oil Reliance

Equatorial Guinea's economy heavily depends on oil, making it vulnerable to global price shifts.

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Authoritarian Governance

A system where power is concentrated in the hands of a small ruling group with limited accountability and transparency.

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Economic Diversification

Reducing reliance on a single sector (like oil) by developing other sectors of the economy.

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Manufacturing Hubs

Major African countries known for significant manufacturing activity, like South Africa, Egypt & Nigeria.

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Economic Inequality

The gap in wealth status between a small elite and the majority in Equatorial Guinea.

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Manufacturing Benefits

Manufacturing creates jobs and stabilizes economies in Africa.

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African Economic Development

Africa's economic progress is enhanced by diversifying away from traditional sectors like mining and agriculture.

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African Tech Startups

Growing hubs for technology innovation in countries like Nigeria, Kenya, and Egypt.

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Telecom Growth

Significant increase of mobile phone use and networks in African countries like Nigeria and Egypt.

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Evolving Retail Scene

Traditional markets alongside malls and retail chains are common in African economies.

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African E-commerce

Rapid growth of online shopping platforms driven by mobile phone and internet usage - fueled by a young population.

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Real Estate Boom

Large urbanization and infrastructure development support rising real estate in certain African countries.

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African Tourism

Significant and diverse tourism industry based on cultural heritage, wildlife, and adventure in numerous countries.

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Wildlife Safaris

Famous tourism activity focusing on viewing wildlife in protected areas in countries like Kenya and South Africa.

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Cultural & Heritage Tourism

Tourism based on historical sites, cultural traditions, and festivals like the Pyramids of Giza and Timbuktu.

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GDP

The total monetary value of all goods and services produced in a country.

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Nominal GDP

GDP measured at current market prices, without adjusting for inflation.

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Real GDP

GDP adjusted for inflation, showing the true value of production.

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GDP per Capita

Average economic output per person, calculated by dividing GDP by population.

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GDP Growth Rate

Percentage change in a country's GDP compared to a previous period.

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Economic Indicators

Measurements of economic performance, including GDP, unemployment, inflation, and trade.

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Economic Agent Decisions

How household, firm, and consumer decisions impact supply and demand.

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Economic Performance Snapshot

Summarizes a country's economic health and development using various indicators.

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Africa's GDP

The total value of goods and services produced in Africa in a given year.

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Nigeria's Economy

Heavily reliant on oil & gas, making it Africa's largest economy.

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GDP per capita

The average value of goods and services produced per person in a country.

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Seychelles' Wealth

Highest GDP per capita in Africa, mainly due to tourism.

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Africa's Trade

Significant trading both within and outside Africa.

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Economic Diversification

Reducing dependence on a single sector like oil or mining.

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GDP Growth Rate

The rate at which a country's GDP increases or decreases over a year.

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Ethiopia's Growth

High GDP growth rates exceeding 7% annually.

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