Measuring Economic Development

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Chapter 15- Economics Course Companion (Oxford)

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Questions and Answers
  • 1. 
    What is economic development?
    • A. 

      The progress of the economy

    • B. 

      Improvement in welfare

  • 2. 
    What variables are taken into account when calculating HDI?
    • A. 

      Long & healthy life

    • B. 

      Improved education

    • C. 

      Decent standard of living

  • 3. 
    How can a "long and healthy life" be measured?
    • A. 

      Life expectancy

    • B. 

      GDP per capita

    • C. 

      Adult literacy rate

  • 4. 
    What is the difference between GDI and HDI?
  • 5. 
    How is GEM measured?
    • A. 

      The higher the index, the higher the level of empowerment

    • B. 

      The higher the index, the lower the level of empowerment

  • 6. 
    What indicators are used to measure HPI?
    • A. 

      Same as HDI

    • B. 

      Sanitation facilities only

    • C. 

      GDP per capita only

    • D. 

      School enrollment rates only

  • 7. 
    What does GPI help to indicate?
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