Global Economic Sectors and Systems

Question 1

Although China’s total economic output, measured by Gross Domestic Product (GDP), is third largest in the world, it is considered a developing nation. What is most likely the most important factor for this designation? A. China’s government spends money on things that do not benefit human development. B. China has a large population, so its GDP per person is only modest. C. China has a strong economy but weak literacy and school attendance rates. D. China’s high rates of disease offset the country's economic gains. Please select the best answer from the choices provided.

Question 2

In general, countries that were European colonies in the 1940s have __________. A. lower-than-average GDP and lower-than-average HDI B. higher-than-average GDP and lower-than-average HDI C. higher-than-average GDP and higher-than-average HDI D. lower-than-average GDP and higher-than-average HDI Please select the best answer from the choices provided.

Revolt · Accepted Answer

A: A

Question 3

What is the definition of Gross Domestic Product (GDP)? A. an indicator used to measure the overall happiness of citizens based on their community involvement B. the total value of officially recorded goods and services produced in a country's borders within a given year C. the monetary worth of goods and services produced in a country, plus income earned from investments outside of the country D. the total value of officially recorded goods and services produced by companies and citizens, both inside and outside a country's borders, within a given year Please select the best answer from the choices provided.

Question 4

Analyze the chart below and answer the question that follows. Data courtesy of the UN Development Programme 2006-2008 and World Bank 2009 The chart above compares measures of development using the HDI and GDP. Why might Turkey rank lower in the HDI indicator even though it has a high GDP? A. Turkey has a lower GDP than comparable countries in the HDI ranking. B. Turkey must increase its HDI to have a higher GDP ranking. C. Turkey is only compared to other European countries in GDP, not to the world, as it is in the HDI. D. Turkey may struggle to provide adequate education or health care, or it may have a lower life expectancy. Please select the best answer from the choices provided.

Revolt · Accepted Answer

D: D

Question 5

What is the relationship between Gross Domestic Product (GDP) and the Human Development Index (HDI)? A. A high GDP is related to a high quality of life and high development. B. A low GDP is related to a high quality of life and low development. C. A low GDP is related to a low quality of life and high development. D. A high GDP is related to a low quality of life and high development. Please select the best answer from the choices provided.

Question 6

If a country has a low GDP, it __________. A. produces a low number of goods each year, resulting in an economically rich nation B. produces a high number of goods each year, resulting in an economically poor nation C. produces a high number of goods each year, resulting in an economically rich nation D. produces a low number of goods each year, resulting in an economically poor nation Please select the best answer from the choices provided.

Revolt · Accepted Answer

D: D

Question 7

Analyze the map below and answer the question that follows. Image by Marcos Elias de Oliveira Júnior Data from the 2009 United Nations Human Development Report Based on the map above, which of the following continents are the most developed? Note, the darker the shade of green, the more developed the region is. A. Africa and Australia B. North America and Europe C. Asia and South America D. Europe and Asia Please select the best answer from the choices provided.

Question 8

What is the definition of development? A. the process by which arable land turns dry and unusable B. the preservation of different species of plants and animals C. the study of the effect of gas emissions on climate change D. the use of data to monitor and study economic and social change Please select the best answer from the choices provided.

Revolt · Accepted Answer

D: D

Question 9

What is the definition of Gross Domestic Product (GDP)? A. an indicator used to measure the overall happiness of citizens based on their community involvement B. the total value of officially recorded goods and services produced in a country's borders within a given year C. the monetary worth of goods and services produced in a country, plus income earned from investments outside of the country D. the total value of officially recorded goods and services produced by companies and citizens, both inside and outside a country's borders, within a given year Please select the best answer from the choices provided.

Revolt · Accepted Answer

B: B

Question 10

Read the statement below and answer the question that follows.Relationships with family, friends, and community far outweigh money or things. Which of the following indicators would most likely use the statement above as a justification for its measurements? A. Walt Rostow's Modernization Model B. the Genuine Progress Indicator C. the Gross Happiness Index D. the Human Development Index Please select the best answer from the choices provided.

Revolt · Accepted Answer

C: C

Global Economic Sectors and Systems Answers

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