Economic Development and Global Economic Indicators Quiz
Test your knowledge on leading economic indicators, GDP per capita, HDI components, currency valuation, and more in this Development Economics quiz.
#1
What does the term 'GDP per capita' measure?
Total output of goods and services in a country
Average income per person in a country
Rate of inflation in a country
Unemployment rate in a country
#2
What does the term 'Balance of Trade' measure?
Difference between imports and exports of goods and services
Total value of goods and services produced in a country
Rate of inflation in a country
Unemployment rate in a country
#3
What does the term 'Fiscal Policy' refer to?
Government's management of money supply and interest rates
Government's use of taxation and spending to influence the economy
Regulation of international trade agreements
Implementation of monetary policies by central banks
#4
Which of the following is a characteristic of a recession?
Rising unemployment rates
Increased consumer spending
Higher stock market indices
Expansion of business activities
#5
What does the term 'Inflation' refer to?
Increase in the general price level of goods and services over time
Decrease in the general price level of goods and services over time
Stabilization of prices in an economy
Fluctuations in currency exchange rates
#6
What does the term 'Foreign Direct Investment (FDI)' refer to?
Investment in domestic assets by foreign entities
Investment in foreign assets by domestic entities
Trade agreements between two or more countries
Exchange of goods and services across borders
#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 Index
#8
What does the Big Mac Index compare to assess currency valuation?
Cost of purchasing a Big Mac in different countries
Cost of living in different countries
Gross National Income (GNI) per capita
Purchasing power parity (PPP)
#9
Which of the following is NOT a factor affecting economic growth?
Technological advancement
Government policies
Population size
Income distribution
#10
What is the primary purpose of the World Bank?
Facilitating international trade agreements
Providing financial assistance for development projects in developing countries
Regulating global financial markets
Promoting political stability in conflict zones
#11
Which of the following is NOT a goal of sustainable development?
Economic growth
Environmental protection
Social equity
Maximization of corporate profits
#12
What is the main purpose of the Purchasing Managers' Index (PMI)?
To measure consumer confidence
To predict changes in interest rates
To gauge business activity and sentiment in manufacturing sector
To estimate government spending
#13
Which of the following is NOT a component of the Human Development Index (HDI)?
Life expectancy at birth
Gross National Income (GNI) per capita
Access to education
Stock market performance
#14
Which of the following is NOT a measure of income inequality?
Gini coefficient
Lorenz curve
Purchasing Power Parity (PPP)
Theil Index
#15
Which of the following is NOT a component of the Global Competitiveness Index (GCI)?
Infrastructure
Innovation capability
Population growth rate
Market size
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