Midterm ECO2117B answer key - INTRODUCTION TO THE ECONOMICS...

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Principles of Macroeconomics
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Chapter 23 / Exercise 1
Principles of Macroeconomics
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1 INTRODUCTION TO THE ECONOMICS OF DEVELOPING COUNTRIES (ECO2117 B, AUTUMN 2014) Midterm exam Instructor: Octavian Strîmbu Answer key Part 1: Multiple-Choice Questions Grading: 18 questions, 3 points per correct answer (maximum total score: 54 points) Instructions: Mark your answer by circling the associated letter (a. b. c. or d.). 1.The core values of development include a.Increasing income per person. b.Reducing the inequality of income. c.The ability to meet basic needs. d.All of the above. Answer: C
2.The Millennium Development Goals include
3.According to Amartya Sen’s capability approach, an example of a capability is
4.Countries tend to be classified as more or less developed based on
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Principles of Macroeconomics
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Chapter 23 / Exercise 1
Principles of Macroeconomics
Mankiw
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2 5.The New Human Development Index (NHDI) summarizes a great deal of social performance 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. Answer: B
6.The use of a geometric mean in the new human development index (NHDI)
The following question relates to Figure 2.6: Figure 2.6 Under-5 Mortality and Mother’s Education (Todaro & Smith)
3

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