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.Management Sciences
Category: The Meaning and Measurement of Economic Development
Which of the following are low income countries income country ?
A. Canada
B. United States
C. Mexico
D. Australia
One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are ?
A. NIC, OPEC and G7
B. Low income , middle income and high income
C. Southeast Northeast and Southwest
D. Asia, America and Europe
According to the next basic needs include ?
A. food, clothing and housing
B. health, education and quality housing
C. adequate nutrition, primary education health sanitation water supply and housing
D. longevity and living standards
Tuvalu is composed of 9 coral atolls along a 360-mile chain in Polynesia They gained independence in 1978 The former Ellice Island are home to 9,700 people if GNP of Tuvalu is $300 million in 2005 GNP per capital is ?
A. 9700 (1978 / 2005)
B. 300 / 360
C. 300 000 000 / 9700
D. 32.333
If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?
A. 1000
B. 260
C. 0.001
D. 259740
All of the following are high income countries except ?
A. Singapore
B. U.K
C. Japan
D. South Africa
The University of Pennsylvania researchers Summers and Heston compute the price level of GDP as the ratio of purchasing power parity (PPP) exchange rate to the actual exchange rate where ?
A. both exchange rates are measured s the domestic currency price of the US-dollar
B. both exchange rates are not converted into international dollars
C. both exchange rate are pegged
D. both exchange rate are converted into Big Mac PPP formula
The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?
A. less than $900, $900-$9000 and more than $9000
B. less than $5000, $5000-$15000 and more than $15000
C. less than $100, $100-$1000 and more than $1000
D. less than $5000, $5000-$150000 and more than $150000
The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ?
A. disparity reduction rate, human resource development rate and the composite index
B. longevity, education and living standard
C. minimum schooling, adult literacy and tertiary educational attainment
D. human resource training development and R&D
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