Economics MCQs

Page No. 376

Which of the following countries is not a low-income country ?


aEthiopiaxxxx


bRwanda


cSomalia


dSingapore


View Answer Singapore

The formula to calculate economic growth from 2001 to 2002 is given by ?


a [(GDP2002 + GDP2001)/GDP2001]100


b [(GDP2002 – GDP2001) GDP2001]100


c[(GDP2002 – GDP2001)/GDP2001]100


d [(GDP2001 – GDP2002]100



If GNP per capita at constant prices for Ghana is US$360 and US$364 in 1996 and 1997 respectively, The real economic growth from 1996 to 1997 is ?


a4%


b 1.11%


c0.011%


d11%


View Answer 1.11%

If GNP for Vatican City the smallest country in the world is 200 million euros in year 2011 and its population is 890 GNP per capita is_____________?


a2000 – 890


b200/890


c200,000,000/890


d 200


View Answer 200,000,000/890

Which of the following countries is not a low income country ?


aIndonesia


b India


c Malaysia


dNigeria


View Answer Malaysia

Economic growth from current year (c) to previous year (p) is given by ?


a[(GDPc – GDPp)/ DGPp]100


b [(GDPc – GDPp) DGPp]100


c GNPc – DGPp100)


d [GDPp – GDPc]100



If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?


a 1000


b 260


c0.001


d259740


View Answer 1000

The formula to calculate Passche price index is (o is the base year and n is the given year) ?


aP = ΣPnqn/Σpoqn


b P = ΣPoqo/Σpnqn


cP = ΣPnqo/Σpoqo


d P = ΣPnqn/Σpoqo


View Answer P = ΣPnqn/Σpoqn

Imitating labor standards from rich countries in LDCs may increase ?


a equality


bpoverty


c employment


d human development


View Answer poverty

Which of the following statement is not true about LDCs ?


aMost 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



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