Economics MCQs

Page No. 317

Throughout most of humankind’s existence, population grew at a rate of ________ per year?


a 10%

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b 0.002%

✓


c2%

✖


d0.5%

✖


View Answer 0.002%

A period of rapid population growth between a preindustrial stable population characterized by high birth and death rates and a later modern, stable population marked by low fertility and mortality is known as ?


a demographic transition

✓


bpopulation maturity

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cdemobilizing population

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d birth-death transformation

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Peer borrowing groups of five or so people with joit liability approve loans to other members as a substitute for the bank’s screening process The above statement applies to ?


a Indonesia’s Badan Kredit Kecamatan (BKK)

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b the Association for Development of Microenterprice

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cBangladesh’s Grameen Bank

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d the Enterprice credit program in Kolkata

✓



The elasticity of propoor growth is ?


athe percentage increase in the consumption growth of the poor divided by percentage increase in the consumption growth of the nonpoor

✓


bthe percentage increase in the poor times percentage increase in the nonpoor

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cthe percentage increase in the poverty of the poor divided by percentage increase in the poverty of the nonpoor

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dthe percentage increase in the poor people in the Urban divided by percentage increase in the nonpoor in the urban

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Income inequalities are often shown on a ?


a production possibility curve

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bmarginal inequality curve

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csen curve

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dLorenz curve

✓


View Answer Lorenz curve

Sen’s welfare theory relies on ?


aindividuals’ accomplishments

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b individuals’ capabilities

✓


c individuals’ wealth

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d individuals’ education

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According to Human Development Report 2003, about ________ countries were poorer in 2003 than in 1990?


a50

✓


b100

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c1000

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d5

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View Answer 50

Sala-i-Martin interpolates income distribution by ?


aquientiles

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b percentiles

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csimulation

✓


drelative ratio measures

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View Answer simulation

The Lorenz curve shows ?


a patterns of poverty between developed and developing countries

✓


bthe change in GDP per capita over time

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c the poorest’s income shares fall in the early stages of growth

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dincome concentration relative to a 45-degree line

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In 2003, the UN Development Program estimated that a 1-percent LDC per capita consumption growth, with income inequality unchanging, would reduce the poverty percentage by _________ percent yearly?


a 0

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b 2

✓


c 6

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d0.5

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View Answer 2

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