Comparative Economic Development

Question 1

It is the most common way to define the developing world.

Answer 1

Per capita income

Question 2

It is the amount of money earned per person in a nation.

Answer 2

Per capita income

Question 3

It is the process whereby low-income national economies are transformed into modern industrial economies.

Answer 3

Economic Development

Question 4

What is of vital importance to the growth and advancement of underdeveloped countries?

Answer 4

Theory of Economic Development

Question 5

These are countries with high level of economic growth and stability.

Answer 5

Developed economies

Question 6

These are countries in the process of changing to a free market or an economic system where prices are unrestricted with minimal government intervention.

Answer 6

Economies in transition

Question 7

These are countries with underdeveloped industrial base and low HDI.

Answer 7

Developing countries

Question 8

It is a composition of statistical data, including life expectancy, education, and income indicators, which are used to rank countries.

Answer 8

Developing Economies

Question 9

What are the basic indicators of development?

Answer 9

Real Income
Health
Education

Question 10

It is the portion of a product’s final value that is added at each stage of production.

Answer 10

Value Added

Question 11

It is the total domestic and foreign output claimed by residents of a country.

Answer 11

Gross National Income (GNI)

Question 12

It is the total amount of physical goods existing at a particular time that have been produced for use in the production of other goods and services.

Answer 12

Capital Stock

Question 13

It is the total final output of goods and services produced by the country’s economy within the country’s territory by residents and non-residents.

Answer 13

Gross Domestic Product (GDP)

Question 13

What can be used as an overall measure of the state of healthcare in a country?

Answer 13

Number of live births and death rates in a nation during a given year per 1,000 people

Question 14

Infant mortality rate pertains to the death rate of infants before reaching one year of age per what?

Answer 14

1,000 live births in a given year

Question 15

Life expectancy includes what indicators to measure the development of a given nation?

Answer 15

Quality of Health Care
Level of Sanitation
Provision of elderly care

Question 16

It measures national socioeconomic development based on combining measures of education, health, and adjusted real income per capita.

Answer 16

HDI

Question 17

Where did the UNDP presented the HDI of each country in the world?

Answer 17

In its annual Human Development Reports

Question 18

What is the indicator of educational state in a given nation?

Answer 18

Percentage of people capable of reading

Question 19

It is the percentage of people ages 15+ who can both read and write with understanding of a short simple statement about everyday life.

Answer 19

Adult Literacy Rate

Question 20

It is measured by life expectancy at birth.

Answer 20

Long and healthy life

Question 21

It is the number of years a newborn infant could expect to live if prevailing patterns of age-specific mortality rates at the time of birth stay the same throughout the infant’s life.

Answer 21

Life expectancy at birth

Question 22

It is measured by a combination of average schooling attained by adults and expected years of schooling for school-age children.

Answer 22

Knowledge