#1
What is the primary purpose of the Human Development Index (HDI)?
To measure economic growth
To assess quality of life
To determine inflation rate
To evaluate government expenditure
#2
Which of the following indicators represents the total value of all final goods and services produced within a country's borders in a specific time period?
Gross National Product (GNP)
Gross Domestic Product (GDP)
Net National Product (NNP)
Net Domestic Product (NDP)
#3
What does the term 'Fiscal Policy' refer to in economics?
Government's regulation of the money supply
Government's management of taxation and spending
Central bank's control over interest rates
International trade agreements
#4
Which term describes a situation where the price of goods and services rises, leading to a decrease in the purchasing power of money?
Deflation
Hyperinflation
Stagflation
Inflation
#5
Which economic indicator measures the total value of all goods and services produced within a country's borders in a specific time period?
Gross National Product (GNP)
Gross Domestic Product (GDP)
Net National Product (NNP)
Net Domestic Product (NDP)
#6
What does the term 'Balance of Trade' refer to in economics?
Difference between a country's exports and imports
Total value of goods and services produced within a country's borders
Difference between a country's government revenue and expenditure
Difference between a country's investment and savings
#7
Which of the following is considered a leading indicator of economic activity?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment rate
Stock market indices
#8
Which economic indicator measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Producer Price Index (PPI)
Inflation rate
#9
Which of the following factors is NOT typically included in the calculation of a country's Gross Domestic Product (GDP)?
Government spending
Foreign investment
Consumption expenditure
Net exports
#10
What does the term 'PPP' stand for in economics?
Purchasing Power Parity
Price Per Product
Personal Property Protection
Public-Private Partnership
#11
Which of the following measures the total value of all goods and services produced by labor and property located within a country's borders?
Gross National Product (GNP)
Gross Domestic Product (GDP)
Net National Product (NNP)
Net Domestic Product (NDP)
#12
Which economic indicator measures the total value of all goods and services produced by labor and property owned by a country's residents?
Gross National Product (GNP)
Gross Domestic Product (GDP)
Net National Product (NNP)
Net Domestic Product (NDP)
#13
What does the Gini coefficient measure?
Income inequality
Unemployment rate
Growth rate
Labor force participation rate
#14
What is the significance of the unemployment rate as an economic indicator?
It measures the level of employment within the labor force
It determines the growth rate of the economy
It indicates the rate of inflation
It measures the proportion of the population not in the labor force
#15
What is the significance of the inflation rate as an economic indicator?
It measures the level of employment within the labor force
It determines the growth rate of the economy
It indicates the rate of increase in prices
It measures the proportion of the population not in the labor force