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Economic Development Indicators Quiz

#1

Which of the following is a key economic development indicator?

Inflation rate
Explanation

Measures the rate at which the general level of prices for goods and services is rising.

#2

What does GDP stand for in the context of economic development?

Gross Domestic Product
Explanation

Total value of all goods and services produced within a country in a specific period.

#3

In the context of economic development, what does FDI stand for?

Foreign Direct Investment
Explanation

Investment made by a company or individual in one country in business interests in another country.

#4

Which sector contributes to GDP by including services like education and healthcare?

Service sector
Explanation

Encompasses activities that provide services rather than tangible goods.

#5

What is the Human Development Index (HDI) used for?

Assessing the quality of life
Explanation

Measure of a country's social and economic development based on health, education, and income.

#6

What is the Gini coefficient used for in the context of economic development?

Measuring income inequality
Explanation

Statistical measure of distribution, often used to assess income inequality.

#7

Which of the following is a leading economic development organization at the international level?

IMF (International Monetary Fund)
Explanation

Provides financial assistance and economic advice to countries.

#8

What is the main purpose of the Sustainable Development Goals (SDGs)?

Addressing global challenges and promoting sustainable development
Explanation

Blueprint to achieve a better and more sustainable future for all.

#9

Which factor is NOT considered a social indicator of economic development?

Number of mobile phones sold
Explanation

Not directly linked to measuring social progress or development.

#10

What is the significance of the Poverty Headcount Ratio in economic development?

Measuring the percentage of the population living below the poverty line
Explanation

Indicates the proportion of people living in poverty within a given population.

#11

Which indicator is commonly used to measure the environmental sustainability of economic development?

Ecological Footprint
Explanation

Estimates human demand on nature's resources.

#12

Which economic development indicator is associated with the concept of 'brain drain'?

Net Migration Rate
Explanation

Difference between immigrants and emigrants of a country.

#13

Which organization is responsible for publishing the World Development Indicators (WDI) annually?

World Bank
Explanation

Provides financial and technical assistance to developing countries.

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