Economic Development Theories and Indicators Quiz

Test your knowledge on key theories and indicators in development economics. Explore concepts like HDI, Gini Coefficient, and more.

#1

What is the primary focus of the Human Development Index (HDI) as an indicator?

GDP per capita
Life expectancy
Unemployment rate
Inflation rate
1 answered
#2

Which economic indicator is used to measure the overall health of an economy and is calculated as the sum of consumer spending, business investment, government spending, and net exports?

Inflation Rate
Gross Domestic Product (GDP)
Unemployment Rate
Consumer Price Index (CPI)
1 answered
#3

Which indicator is used to measure the overall level of prices in an economy?

Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
Human Development Index (HDI)
1 answered
#4

Which economic indicator measures the percentage change in the average prices of a basket of goods and services over time?

Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
Human Development Index (HDI)
1 answered
#5

Which economic indicator measures the percentage of the labor force that is unemployed and actively seeking employment?

Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
Human Development Index (HDI)
1 answered
#6

Which economic development theory emphasizes the role of technology and innovation in driving economic growth?

Classical Economics
Keynesian Economics
Endogenous Growth Theory
Dependency Theory
1 answered
#7

Which economist is associated with the concept of 'creative destruction' in economic development?

John Maynard Keynes
Joseph Schumpeter
Milton Friedman
Amartya Sen
1 answered
#8

According to the Solow Growth Model, what is the main driver of long-term economic growth?

Labor force growth
Technological progress
Capital accumulation
Government intervention
1 answered
#9

What is the key focus of the Rostow's Stages of Economic Growth model?

Income distribution
International trade
Modernization and development stages
Monetary policy
1 answered
#10

What does the term 'Gini Coefficient' measure in the context of economic development?

Income Inequality
Gross Domestic Product (GDP)
Inflation Rate
Unemployment Rate
1 answered
#11

According to Dependency Theory, what is a key factor contributing to the underdevelopment of certain nations?

Technological innovation
International trade
Foreign aid
Colonial history and exploitation
1 answered
#12

In the context of economic development, what does the 'Lewis Model' focus on?

Human Development Index
Dual economy and surplus labor
Market equilibrium
Monetary policy
1 answered
#13

Which economic development theory emphasizes the role of institutions, property rights, and the rule of law in fostering economic growth?

Dependency Theory
Institutional Theory
Structuralist Theory
Neoclassical Growth Theory
1 answered
#14

In the context of economic development, what does the 'Big Push' theory propose?

Incremental reforms and gradual growth
Large-scale simultaneous investments in various sectors
Government non-intervention in the economy
A focus on sustainable development
1 answered
#15

Which economic development theory argues that international trade tends to perpetuate global inequalities?

Dependency Theory
Structuralist Theory
Neoclassical Growth Theory
Endogenous Growth Theory
1 answered

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