14/10/2019 Tutor Test (Economics) 14/10/2019 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. If GDP for Barbados is $260 million in 2005 and its population is 260, 000, GDP per capita is 260 259740 1000 0.001 2. Which of the following could not be considered a major economic system? capitalism. physical quality of life index. none of the above. communism. socialism. 3. 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 is 130 0.0065 6500 650 4. Development economics focuses primarily on the poorest ___________ of the world two-thirds. population. 28 percent. one-third. 5 percent. 5. 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 is 5% 0.090% 0.991% 0.901% 6. Which of the following could be considered critical questions in development economics? What factors affect labor skills in the third world? How do the poorest 2/3 of the world live? all of the above are correct. What are the major theories of economic development? 7. In which of the following countries would you expect material lifestyles to be most like those in the United States? Mali. Nigeria. Japan. India. 8. Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following except Taiwan. Singapore. China. South Korea. 9. Which country is not a transitional economy Mexico. Russia. China. Hungary. 10. Which of the following characteristics are most likely found in developing countries? very traditional methods of agricultural production. all of the above large number of people living in poverty. high population growth rates. none of the above 11. All of the following are high-income countries except Japan South Africa U.K Singapore 12. Economic development refers to sustainable increases in Gross National Product. economic growth plus changes in output distribution and economic structure. economic growth. improvement in the well-being of the urban population. 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 is 200,000,000 / 890 200/ 890 2000 - 890 200 14. Which of the following countries is not a low-income country? Indonesia Malaysia Nigeria India 15. Economic growth from current year (c) to previous year (p) is given by [(GDPc – GDPp)/ GDPp]*100 [GDPp – GDPc]*100 GNPc-(GDPp*100) [(GDPc – GDPp)* GDPp]*100 16. 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? increased. declined. remained the same. cannot be determined. 17. 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 is 300 000 000 / 9700 9700 *(1978 / 2005) 300/ 360 32.333 You've successfully completed your test. Submit test below.