Transcript 1. GDP is an acronym for?

1. GDP is an acronym for?
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A Gross Domestic Product
B Gross Domestic Production
C Gross Domestic Process
D Gross Domestic Population
E None
2. Coke is a US company that does
business all over the world. Its total
world sales would be counted in?
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A GDP
B GNP
C GAP
D GSP
E None
3. Modern economists use which
measure of economic output to
determine the activity within a
country?
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A GDP
B GNP
C GAP
D GSP
E None
4. If a countries aggregated demand
equals or exceeds a country’s total
income it is most likely a?
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A Wealthy country
B Poor country
C Developing country
D Second tier country
E none
5. What best contrasts an economic
depression to a recession?
• A Depression has higher unemployment rate
and shorter duration
• B Depression has higher unemployment rate
and longer duration
• C A recession has a higher unemployment and
longer duration
• D A recession has a higher unemployment and
shorter duration
• E None
6. What is the general relationship of
inflation to unemployment?
• A Unemployment is higher in times of low
inflation
• B Unemployment is higher in times of high
inflation
• C Unemployment is low in time of low
inflation
• D Unemployment and inflation are not
related
• E None
A
re
c
7. An HDI (index) is composed of what
items(s)?
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A Life Expectancy
B Adult literacy
C GDP
D All
E none
8. An HDI level for a medium
developed country would be?
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A .8 to .9
B .5 to .7
C .2 to .4
D .1 to .2
E none
9. As a country moves to a developed
country their labor forces becomes?
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A Primary
B Secondary
C Tertiary
D Hypo-primary
E None
10. The development of the world
generally reflects what type of world
location split?
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A East West
B North South
C North West
D South East
E None
11. What organization(s) works for
economic development in the
developing world?
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A UN
B IMF
C World Bank
D All
E None
12. An NGO is an acronym for what
type of organization?
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A Non-governmental organization
B New geopolitical organization
C National growth opportunities
D National governmental operation
13. What mode of transportation
would be the least cost for crude oil?
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A Truck
B Train
C Plane
D Pipeline
E Ship
14. What mode of transportation
would have the highest cost relative to
weight?
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A Truck
B Train
C Plane
D Pipeline
E Ship
15. Weber’s least cost theory of
development model is highly
influenced by?
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A Transportation, weight and distance
B Globalization of labor
C Market location
D Governmental factors
E None
16. The core-periphery model
maintained that the world can be
divided into how many regions?
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A1
B2
C3
D4
E5