Measurement of Economic Growth And Development - SS3 Economics Past Questions and Answers - page 1
1
What are economic growth indicators used for?
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A
 To measure the well-being of a country's citizens
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B
To measure changes in the size of an economy over time
C
To measure access to healthcare and education
2
What is the most widely used indicator of economic growth?
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A
Gross Domestic Product (GDP)
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B
Gross National Product (GNP)
C
Gross National Income (GNI)
3
Which development indicator measures the average income of a country's citizens?
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A
Literacy rate
B
Life expectancy
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C
GDP Per Capita
4
What is the purpose of development indicators?
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A
To measure changes in the size of an economy over time
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B
To measure the overall well-being of a country's citizens
C
To measure access to healthcare and education
5
What is the difference between GNP and GNI?
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A
GNP measures the total value of all goods and services produced within a country's borders, while GNI measures the value of all goods and services produced by a country's citizens, both domestically and abroad.
B
GNP measures the value of all goods and services produced by a country's citizens, both domestically and abroad, while GNI measures the income earned by a country's citizens, both domestically and abroad.
C
GNP measures the total income of a country's citizens, both domestically and abroad, while GNI measures the value of all goods and services produced within a country's borders.
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6
What is the importance of using both economic growth and development indicators to measure a country's economic performance?
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7
What are some examples of development indicators and how do they contribute to measuring a country's economic development?Â
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