Indicators of Economic Development
Economics ⇒ Economic Development
Indicators of Economic Development starts at 9 and continues till grade 12.
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A country has a high per capita income but low literacy rate and high infant mortality rate. What does this indicate about its economic development?
Describe the difference between quantitative and qualitative indicators of economic development.
Describe the importance of per capita income as an indicator of economic development.
Describe two qualitative indicators of economic development.
Explain the difference between economic growth and economic development.
Explain the role of education in economic development.
Explain the significance of the Gini coefficient in economic development.
A country has a high per capita income but low literacy rate and high infant mortality rate. What does this indicate about its economic development?
Which indicator measures the average number of years a newborn is expected to live? (1) Literacy rate (2) Life expectancy (3) Per capita income (4) Infant mortality rate
Which of the following best describes the Human Development Index (HDI)? (1) It measures only economic output (2) It is a composite index of health, education, and income (3) It measures only industrial growth (4) It is based only on per capita income
Which of the following is a composite indicator of economic development? (1) GDP (2) HDI (3) Per capita income (4) Industrial output
Which of the following is a limitation of using GDP as an indicator of economic development? (1) Ignores income distribution (2) Ignores non-market activities (3) Ignores environmental degradation (4) All of the above
Fill in the blank: The _______ Index is used to measure the level of gender equality in a country.
Fill in the blank: The _______ Index is used to measure the level of gender inequality in a country.
Fill in the blank: The _______ Index is used to measure the level of human poverty in developing countries.
Fill in the blank: The _______ Index measures the level of poverty in a country.
Is the Gini coefficient used to measure income inequality? Yes or No.
Is the literacy rate a component of HDI? Yes or No.
True or False: A country with high per capita income always has high economic development.
True or False: A high infant mortality rate indicates a high level of economic development.
