#1
Which of the following is not a primary sector activity?
Farming
Mining
Manufacturing
Fishing
#2
What does GDP stand for in economics?
Gross Domestic Product
Gross Domestic Profit
Global Domestic Product
Gross Developmental Product
#3
What is the term used to describe the movement of people from rural areas to urban areas?
Urbanization
Ruralization
Migration
Suburbanization
#4
Which of the following is NOT a factor affecting economic development?
Natural resources
Geographical location
Political stability
Population density
#5
What does the term 'Brain Drain' refer to in the context of economic geography?
The migration of highly skilled individuals from developing to developed countries
The movement of people from urban to rural areas
The transfer of technology between countries
The depletion of natural resources
#6
Which of the following is NOT a measure of income distribution?
Gini coefficient
Lorenz curve
Consumer Price Index (CPI)
Quintile ratio
#7
Which of the following is NOT a measure of economic development?
GDP per capita
Life expectancy
Unemployment rate
Human Development Index (HDI)
#8
What does the Gini coefficient measure?
Income inequality
Government expenditure
Population density
Gross domestic savings
#9
Which economic indicator measures the percentage change in the price of a basket of goods and services over time?
Inflation rate
Interest rate
Exchange rate
Unemployment rate
#10
What is the term for the total value of a country's exports minus the total value of its imports?
Trade deficit
Trade surplus
Balance of payments
Foreign direct investment
#11
What is the primary goal of sustainable development?
To maximize economic growth at all costs
To achieve social equity and economic growth while preserving the environment for future generations
To promote industrialization without regard to environmental consequences
To exploit natural resources for immediate economic gain
#12
Which organization is responsible for measuring and reporting global poverty estimates?
World Bank
United Nations
International Monetary Fund (IMF)
World Trade Organization (WTO)
#13
Which country has the largest economy in the world by nominal GDP as of 2022?
China
Japan
United States
India
#14
Which of the following countries is considered a newly industrialized country (NIC)?
Brazil
Nigeria
South Korea
Ethiopia
#15
Which of the following is NOT considered a characteristic of a developed country?
High GDP per capita
High literacy rates
Widespread poverty
Advanced infrastructure
#16
What is the term for the movement of businesses or production factors to another location, usually to take advantage of lower costs?
Globalization
Outsourcing
Offshoring
Privatization
#17
Which of the following countries has the lowest GDP per capita?
Luxembourg
Norway
Qatar
Somalia