Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

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

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

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

A. P = ΣPnqn/Σpoqn
B. P = ΣPoqo/Σpnqn
C. P = ΣPnqo/Σpoqo
D. P = ΣPnqn/Σpoqo

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

Economics Mcqs, The Meaning and Measurement of Economic Development

Which of the following statement is not true about LDCs ?

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 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 statement is not true about LDCs ? Read More »

Economics Mcqs, The Meaning and Measurement of Economic Development

The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ?

The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ?

A. disparity reduction rate, human resource development rate and the composite index
B. longevity, education and living standard
C. minimum schooling, adult literacy and tertiary educational attainment
D. human resource training development and R&D

The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ? Read More »

Economics Mcqs, The Meaning and Measurement of Economic Development