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Test: Differences in Economic Development - Year 11 MCQ


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10 Questions MCQ Test - Test: Differences in Economic Development

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Test: Differences in Economic Development - Question 1

Which of the following is NOT a key metric employed to assess economic development?

Detailed Solution for Test: Differences in Economic Development - Question 1
Inflation rate is an economic indicator but is not primarily used to assess economic development. Real GDP and HDI are the key metrics for this purpose.
Test: Differences in Economic Development - Question 2

What does a country with an HDI score of 0.750 indicate about its level of human development?

Detailed Solution for Test: Differences in Economic Development - Question 2
An HDI score between 0.700 and 0.799 indicates high human development.
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Test: Differences in Economic Development - Question 3

Discrepancies in development can be attributed to differences in which of the following?

Detailed Solution for Test: Differences in Economic Development - Question 3
Differences in income levels are a primary factor contributing to discrepancies in development.
Test: Differences in Economic Development - Question 4
Which sector's proportion is NOT typically considered when analyzing a country's development?
Detailed Solution for Test: Differences in Economic Development - Question 4
The quaternary sector is not one of the traditional sectors analyzed in economic development. The primary, secondary, and tertiary sectors are the main focus.
Test: Differences in Economic Development - Question 5
A nation with a high saving and investment rate is likely to experience:
Detailed Solution for Test: Differences in Economic Development - Question 5
Higher saving and investment rates typically lead to enhanced economic development due to increased capital formation.
Test: Differences in Economic Development - Question 6
Which of the following best describes the characteristics of a country with low human development?
Detailed Solution for Test: Differences in Economic Development - Question 6
Low human development is characterized by low life expectancy and low income levels.
Test: Differences in Economic Development - Question 7
Economists use the HDI to classify countries into different categories based on:
Detailed Solution for Test: Differences in Economic Development - Question 7
The HDI classifies countries into different categories based on their HDI scores.
Test: Differences in Economic Development - Question 8
What is a common characteristic of countries in the "very high human development" category?
Detailed Solution for Test: Differences in Economic Development - Question 8
Countries with very high human development invest significantly in education and healthcare.
Test: Differences in Economic Development - Question 9
How does population growth dynamics affect economic development?
Detailed Solution for Test: Differences in Economic Development - Question 9
Rapid population growth can strain resources, such as education and healthcare systems, thus slowing economic development.
Test: Differences in Economic Development - Question 10
Which factor is NOT typically associated with high productivity rates?
Detailed Solution for Test: Differences in Economic Development - Question 10
Poor healthcare systems are not associated with high productivity rates. High productivity is typically linked to technological advancement, a skilled workforce, and efficient infrastructure.
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