General Questions Quiz On Economics! Trivia
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- 1.Which is the least developed region among the following?
- A.
North America
- B.
Eastern Europe
- C.
Southwest Asia
- D.
Western and Central Europe
- E.
East Asia
- 2.The total value of the output of goods and services in a year in a country is its
- A.
Gross national income.
- B.
Primary economic sector.
- C.
Productivity index.
- D.
Value added.
- E.
Gross domestic product.
- 3.Gross domestic product (GDP) is the
- A.
Total value of the outputs minus inputs of goods and services produced in a country during a year.
- B.
Total value of exports of goods and services produced in a country during a year.
- C.
Total value of outputs of goods and services produced in a country during a year.
- D.
Total value of human capital development in a country during a year.
- E.
Total value of investments made in domestic and foreign sources of revenue during a year.
- 4.An example of a primary sector activity is
- A.
Education.
- B.
Manufacturing.
- C.
Banking.
- D.
Retailing.
- E.
Mining.
- 5.Processing of computer information is an example of which sector of the economy?
- A.
Sixth percentile
- B.
Primary and secondary
- C.
Primary
- D.
Tertiary
- E.
The data sector
- 6.The secondary sector of the economy includes which of the following?
- A.
Data processing
- B.
Mining
- C.
Government
- D.
Construction
- E.
Banking
- 7.In MDCs, employment is increasing more rapidly in which of the following sectors?
- A.
Farming
- B.
Primary
- C.
Secondary
- D.
Tertiary
- E.
Fishing
- 8.The primary sector of the economy includes which of the following?
- A.
Data processing
- B.
Beverage bottling
- C.
Government
- D.
Sheep herding
- E.
Banking
- 9.The value of a product minus the costs of raw materials and energy is
- A.
Gross domestic product.
- B.
Productivity.
- C.
Tertiary sector analysis.
- D.
Market value.
- E.
Value added.
- 10.________ is an example of a secondary sector activity.
- A.
Banking
- B.
Farming
- C.
Manufacturing
- D.
Secondary education
- E.
Professional football
- 11.In less developed countries, consumer goods such as telephones, televisions, and motor vehicles are
- A.
Available for sharing by a large number of people.
- B.
Unknown and unfamiliar to most people.
- C.
Essential to rural life.
- D.
Familiar to many but owned by relatively few.
- E.
Available only through local manufacture.
- 12.Examples of material conditions include
- A.
Drinking water and sewage systems.
- B.
Systems of thought.
- C.
Religious institutions.
- D.
Division of jobs into different sectors.
- E.
Political institutions.
- 13.A country that has a higher level of development exhibits a(n)
- A.
Improvement in material conditions.
- B.
Growth of the output of goods and services.
- C.
Improvement of a product compared to the needed labor.
- D.
Division of jobs into different sectors.
- E.
Growth of political institutions.
- 14.Per capita GDP is a poor indicator of which of the following?
- A.
The approximate level of material well being in a country
- B.
The number of countries below the poverty level
- C.
The distribution of wealth within a country
- D.
The spatial distribution of global wealth
- E.
Potential for providing all citizens with a comfortable life
- 15.Per capita GDP is a good indicator of which of the following?
- A.
The approximate level of spiritual well being in a country
- B.
The number of countries below sea level
- C.
The distribution of wealth within a country
- D.
The political dimensions of a population
- E.
Potential for providing all citizens with a comfortable life
- 16.Which of the following is an indicator of a country's level of development?
- A.
The number of millionaires
- B.
The number of newspapers
- C.
Crude death rate
- D.
Natural death rate
- E.
Natural increase rate
- 17.The inequality-adjusted human development index of the United States is
- A.
Inferior to that of Canada and most Western European countries.
- B.
Greater than any other country in the world.
- C.
Inferior to that of Canada but superior to most Western European countries.
- D.
Greater than Canada because a higher percentage of people in the United States have quality health care.
- E.
Inferior to Western European countries but far superior to Canada.
- 18.The IHDI of Latin American countries is
- A.
Inferior to that of Canada and most Western European countries.
- B.
Greater than the United States but less than Canada.
- C.
Inferior to that of Canada but superior to most Western European countries.
- D.
Greater than that of Canada and twice as great as that of the United States.
- E.
Inferior to Western European countries and far superior to Canada.
- 19.Compared to less developed countries, more developed countries have higher rates of
- A.
Literacy.
- B.
Childhood mortality.
- C.
Infectious disease.
- D.
Illiteracy.
- E.
Environmental pollution.
- 20.People are more productive in more developed countries because they
- A.
Work harder.
- B.
Have access to more technology.
- C.
Have a low amount of value added per person.
- D.
Are consistently better educated.
- E.
Understand their jobs better than workers in less developed countries.
- 21.Even though a higher percentage of GDP is spent on education in less developed countries,
- A.
More women than men have access to education in LDCs.
- B.
LDCs spend less per pupil than MDCs.
- C.
LDCs have smaller average class sizes than MDCs.
- D.
Literacy rates are higher in urban areas of LDCs than in many MDCs.
- E.
Levels of educational attainment are higher in LDCs.
- 22.If a country has a large number of publishers and globally esteemed universities, you might surmise that the country is most likely
- A.
Neither an LDC nor an MDC.
- B.
An MDC.
- C.
An LDC.
- D.
An LDC that has some of the world's top universities.
- E.
An MDC that has some of the world's lowest literacy rates.
- 23.Compared to less developed countries, more developed countries have lower
- A.
Percentages of GDP spent on education.
- B.
Literacy rates.
- C.
Numbers of teachers available per pupil.
- D.
Numbers of years attending school.
- E.
Amounts of spending per student.
- 24.The difference in per capita GDP between the more developed and less developed regions is
- A.
Widening.
- B.
Remaining constant.
- C.
Decreasing.
- D.
Zero.
- E.
Cycling up and down.
- 25.The North American region has high rates of material development but troubling levels of
- A.
Wealth.
- B.
Inequality.
- C.
Financial and management services.
- D.
Spiritual development.
- E.
Educational attainment.
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