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One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are ?

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

One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are ? Read More »

Economics Mcqs, The Meaning and Measurement of Economic Development

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

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

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

Economics Mcqs, The Meaning and Measurement of Economic Development

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 ?

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 ?

A. 4%
B. 1.11%
C. 0.011%
D. 11%

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 ? Read More »

Economics Mcqs, The Meaning and Measurement of Economic Development

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_____________?

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_____________?

A. 2000 – 890
B. 200/890
C. 200,000,000/890
D. 200

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_____________? Read More »

Economics Mcqs, The Meaning and Measurement of Economic Development