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.Management Sciences
Category: The Meaning and Measurement of Economic Development
Which of the following is not one of the Newly Industrialized Countries (NICs) ?
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A. Japan
B. South Korea
C. Taiwan
D. Singapore
All of the following are high income countries except ?
A. the United Kingdom
B. Singapore
C. Japan
D. Hungary
Which of the following statement is not true about LDCs ?
A. Most LDCs have less than 1/10 the per capita GNP of the U.S
B. A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S
C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible
D. Most LDCs have a greater shortage of qualified teachers than the U.S does
Which of the following countries is not a low-income country ?
A. Ethiopia
B. Rwanda
C. Somalia
D. Singapore
The formula for the Laspeyres price index is (o is the base year and n is the given year) ?
A. P = ∑Poqo/∑poqo
B. P = ∑Poqo/∑pnqn
C. P = ∑Pnqo/∑poqo
D. P = ∑Poqn/∑poqo
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