14/10/2019 Tutor Test (Economics) 0Comments by Gate Academy Welcome to your Tutor Test (Economics) You have 10 minutes to complete the test of %TOTAL_QUESTIONS% questions. Instructions 1. Answer ALL Questions. 2. Make sure you are prepared before you start the test. 3. Make sure you have a steady internet connection. 4. Do not attempt to reload the test page once you begin. 5. Fill the text field below with your correct details before you begin Full Name Email Address 1. Which country is not a transitional economyChina.Mexico.Hungary.Russia.2. How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present?cannot be determined.remained the same.increased.declined.3. Development economics focuses primarily on the poorest ___________ of the world28 percent.two-thirds.population.5 percent.one-third.4. In which of the following countries would you expect material lifestyles to be most like those in the United States?Nigeria.Mali.Japan.India.5. If GDP for Barbados is $260 million in 2005 and its population is 260, 000, GDP per capita is25974010002600.0016. Which of the following could not be considered a major economic system?none of the above.socialism.communism.physical quality of life index.capitalism.7. Economic growth from current year (c) to previous year (p) is given by[(GDPc – GDPp)/ GDPp]*100GNPc-(GDPp*100)[GDPp – GDPc]*100[(GDPc – GDPp)* GDPp]*1008. Which of the following countries is not a low-income country?NigeriaIndonesiaMalaysiaIndia9. Economic development refers tosustainable increases in Gross National Product.economic growth.economic growth plus changes in output distribution and economic structure.improvement in the well-being of the urban population.10. If GDP for Palau a small country near southeast of the Philippines is $130 million in 2002 and its population is 20,000, GDP per capita is1306500.0065650011. Tuvalu is composed of 9 coral atolls along a 360-mile chain in Polynesia. They gained independence in 1978. The former Ellice Islands are home to 9,700 people. If GNP of Tuvalu is $300 million in 2005, GNP per capita is32.333300 000 000 / 97009700 *(1978 / 2005)300/ 36012. If GNP per capita at constant prices for Liechtenstein a microstate of 29,000 people located on the Rhine River between Switzerland and Austria is US$555 and US$560 in 2004 and 2005 respectively, the real economic growth from 2004 to 2005 is0.090%0.991%5%0.901%13. If GNP for Vatican City, the smallest country in the world is 200 million euros in year 2001 and its population is 890, GNP per capita is200,000,000 / 890200/ 8902000 - 89020014. Which of the following characteristics are most likely found in developing countries?high population growth rates.none of the abovevery traditional methods of agricultural production.all of the abovelarge number of people living in poverty.15. Which of the following could be considered critical questions in development economics?What are the major theories of economic development?all of the above are correct.How do the poorest 2/3 of the world live?What factors affect labor skills in the third world?16. All of the following are high-income countries exceptJapanSouth AfricaSingaporeU.K17. Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following exceptChina.South Korea.Taiwan.Singapore.You've successfully completed your test. Submit test below.