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1) 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%
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2) 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
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3) Which of the following countries is not a low income country ? a. Indonesia b. India c. Malaysia d. Nigeria
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4) 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
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5) If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ? a. 1000 b. 260 c. 0.001 d. 259740
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6) 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
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7) Imitating labor standards from rich countries in LDCs may increase ? a. equality b. poverty c. employment d. human development
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8) 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 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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9) Which of the following is not one of the Newly Industrialized Countries (NICs) ? a. Japan b. South Korea c. Taiwan d. Singapore
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10) 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
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