Which indicator is primarily used to measure the economic development of a country?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment rate
Gini coefficient
#2
Which concept refers to the total value of all goods and services produced over a specific time period within a country's borders?
Net Exports
Gross National Product (GNP)
Gross Domestic Product (GDP)
Balance of Trade
#3
Which international organization primarily aims to ensure the stability of the international monetary system?
The World Bank
The United Nations Development Programme (UNDP)
The International Monetary Fund (IMF)
The World Trade Organization (WTO)
#4
What is the main objective of the 'Fair Trade' movement?
To lower trade barriers between countries
To ensure that producers in developing countries get a fair price for their products
To increase the profits of multinational corporations
To eliminate all forms of trade
#5
The Human Development Index (HDI) takes into account which of the following dimensions?
Economic prosperity alone
Life expectancy, Education, and Per capita income
Technological advancement
Cultural diversity
#6
What does the Gini coefficient measure?
Economic growth
Inflation rate
Income inequality
Unemployment rate
#7
What does the term 'informal economy' refer to?
The sector of the economy that is regulated by governmental laws
Economic activities that occur outside of the official market, not recorded in the GDP
The stock market and financial trading
E-commerce and online businesses
#8
What is 'social capital'?
The funds allocated by a government for social services
The financial capital owned by social enterprises
The networks, relationships, and norms that shape the quality and quantity of a society's social interactions
Investments made in social media companies
#9
Sustainable development aims to meet the needs of the present without compromising the ability of future generations to meet their own needs. Which of the following is not a pillar of sustainable development?
Economic growth
Social inclusion
Environmental protection
Military expansion
#10
Which of the following is a measure of a country's economic output that accounts for its environmental assets and resources?
Gross Domestic Product (GDP)
Gross National Happiness (GNH)
Green Gross Domestic Product (Green GDP)
Net National Product (NNP)
#11
The 'dependency theory' is a concept in economic development that explains the relationship between:
Different sectors within an economy
Developed and developing countries
Government and private sector in a country
Traditional and modern economic systems
#12
The concept of 'circular economy' is based on:
The continuous extraction of natural resources
Principles of reduce, reuse, recycle to minimize waste and make the most of resources