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Wellbeing and Economic Indicators Quiz

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Questions and Answers

What does Gross Domestic Product per capita measure?

The average income of a country

The average value of goods and services produced per person (correct)

The overall wellbeing of a population

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

Which factors influence health, as mentioned in the text?

Wealth, occupation, and security

Air, water, food, disease control, and access to emergency services (correct)

Job opportunities, income, and education level

Civil engagement, environment, and housing

What does the Happy Planet Index calculate?

GDP per capita multiplied by literacy rate

(wellbeing * life expectancy) divided by ecological footprint (correct)

Total GDP divided by total population

Average income divided by education level

What does the Human Development Index (HDI) measure?

Development based on factors like finance, education, and health in a country Signup and view all the answers

What is the primary difference between More Economically Developed Country (MEDC) and Less Economically Developed Country (LEDC)?

MEDC shows higher economic development while LEDC indicates lower economic development Signup and view all the answers

How is Gross National Income (GNI) defined?

Total earnings in a country Signup and view all the answers

Which of the following is NOT a limitation of GDP?

It accounts for non-market activities Signup and view all the answers

What is the purpose of calculating GDP per capita?

To assess the average income of individuals within a population Signup and view all the answers

Which of the following is used to measure the strength of patterns between geographical areas?

Spatial association Signup and view all the answers

What is the purpose of the PQE (Pattern, Quantify, Explain) method?

To identify patterns, show statistics, and quantify deviations from the pattern Signup and view all the answers

Which of the following is an example of a qualitative indicator of well-being?

Happiness Signup and view all the answers

What is the primary benefit of using GDP as an economic indicator?

It accurately reflects economic performance and captures transactions like exports and imports Signup and view all the answers