Chapter 33--Economic Develo - Chapter 33-Economic...

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Chapter 33--Economic Development Student: ___________________________________________________________________________ 1. The yardstick most often used to compare living standards across nations is A. average production cost per unit B. sales revenue per month C. utility per capita D. output per capita E. imports per year 2. The yardstick most often used to compare living standards across nations is 3. Which of the following does not describe the World Bank? 4. Which of the following is true about GNP?
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5. The World Bank sorts countries into the following three major groups: A. high-income economies, middle-income economies, low-spending economies B. high-spending economies, middle-spending economies, low-spending economies C. super-high-income economies, middle-income economies, low-income economies D. high-income economies, middle-income economies, zero-income economies E. high-income economies, middle-income economies, low-income economies 6. In 2011, high-income economies with only about one eighth of the world’s population produced more than one-half of the worlds output. 7. In 2011, middle-income economies with almost three-fourths of the world’s population produced less than one-quarter of the worlds output. 8. In 2011, the average GDP per capita among the world’s economies was slightly more than $11,000 per year. 9. In 2011, in the world’s poorest countries income per capita was less that one dollar per day. A. True B. False 10. Industrial market countries are also referred to as
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