Question 1

Which of the following groups has the lowest malnutrition rate among children less than 5 years of age?
A) middle-income economies
B) low-income economies
C) high-income economies
D) sub-Saharan African economies
E) all the world's economies

Accepted Answer

High-income economies have the lowest malnutrition rate among children below 5 years of age. This is due to their affluent lifestyle, high healthcare standards, and better infrastructure. Additionally, these economies often have various welfare programs that help mitigate malnutrition among children.

Question 2

Which of the following groups has the highest infant mortality rate?
A) middle-income economies
B) low-income economies
C) high-income economies
D) Western European economies
E) all the world's economies

Accepted Answer

Low-income economies typically have the highest infant mortality rates due to factors such as lack of access to healthcare, malnutrition, and poor sanitation.

Question 3

If the country of Zorg has a birth rate of greater than 2.2 births per woman,it is likely that Zorg is an industrial market country.

Accepted Answer

The birth rate of a country is not directly related to whether it is an industrial market country or not. There are many other factors that could determine a country's level of industrialization and market development.

Question 4

There is a tremendous range in productive performance around the world.

Accepted Answer

This statement is true. There are significant differences in productivity levels across countries, industries and even within companies. Factors such as technology, education, infrastructure, government policies, and cultural norms can all impact productivity.

Question 5

GDP (gross domestic product) measures the market value of all goods and services produced by resources supplied by the countries' residents and firms,regardless of the location of the resource.

Accepted Answer

GDP measures the market value of all goods and services produced within a country's borders, regardless of who supplies the resources.

Question 6

In high- income countries,children do not suffer from malnutrition.

Accepted Answer

Although malnutrition may be less prevalent in high-income countries compared to low-income countries, it still exists, especially among marginalized and disadvantaged populations such as low-income households, homeless persons, and refugees. Additionally, overconsumption of unhealthy foods may lead to malnutrition from micronutrient deficiencies and chronic diseases.

Question 7

Which of the following does not describe the World Bank?
A) an economic development institution
B) affiliated with the United Nations
C) offers low-fee checking accounts to anyone in the world
D) estimates output per capita figures
E) uses output per capital figures to classify economies

Accepted Answer

The World Bank does not offer low-fee checking accounts to anyone in the world. It is an economic development institution affiliated with the United Nations that estimates output per capita figures and uses them to classify economies.

Question 8

Which of the following is incorrect regarding per capita income in 2005 for United States,China,and Nigeria?
A) Per capita income in Nigeria was lower than that of the United States
B) Per capita income in the U.S.was more than five times that of China
C) Per capita income in China was about five times that of Nigeria
D) Per capita income in Nigeria was lower than that of China
E) Per capita income in China was equal to that of the United States

Accepted Answer

Per capita income in China was not equal to that of the United States in 2005; the U.S. had a significantly higher per capita income than China.

Question 9

Which of the following is true about GNP?
A) includes profits earned by a Mercedes factory in Alabama
B) excludes profits earned by General Electric in India
C) measures the market value of all goods and services produced by resources supplied the home country's residents and firms,regardless of the location of the resource
D) stands for Generally Nice Products
E) used by countries to classify the World Bank

Accepted Answer

The answer of Which of the following is true about...

Question 10

Sub-Saharan African nations are the poorest in the world and have the fastest growing populations.

Accepted Answer

According to the World Bank, as of 2019, sub-Saharan Africa remains the region with the highest extreme poverty rates in the world. Additionally, many countries in this region also have high fertility rates and young populations, leading to rapid population growth.

Question 11

Which of the following is not a country or region most likely to be among industrial market countries?
A) Western Europe
B) North American
C) Australia
D) South Asia
E) Japan

Accepted Answer

South Asia is not typically considered an industrial market country, with the exception of India which is transitioning towards industrialization. The other options (Western Europe, North America, Australia, Japan) are all well-developed industrial market countries.

Question 12

On average,more than half the labor force in developing countries works in agriculture,versus only about 3 percent in industrial market countries.

Accepted Answer

This statement is true.

Question 13

Differences in stages of development among countries are reflected in a number of ways besides per capita income.

Accepted Answer

Development is a multidimensional concept, so differences in stages of development among countries cannot be solely measured by per capita income. Other factors such as education, health, infrastructure, and technology are also key indicators of development.

Question 14

Compared to industrial market countries,developing countries usually have
A) exports consisting mostly of agricultural products and raw materials
B) faster population growth
C) higher unemployment
D) higher rates of illiteracy
E) All of the answers are correct

Accepted Answer

Developing countries tend to have economies that are heavily reliant on the export of agricultural products and raw materials, which are often sold to industrial market countries. They also tend to have faster population growth, higher unemployment rates, and higher rates of illiteracy compared to industrial market countries. Therefore, all of the answer choices are correct.

Question 15

Which of the following is a cause of higher birth rates in developing countries?
A) Children are viewed as a source of farm labor
B) Children are viewed as economic and social security as the parents age
C) Higher child mortality rates engender higher birth rates
D) All the answers are correct
E) None of the answers is correct

Accepted Answer

The answer of Which of the following is a cause...

Question 16

In 2006,high-income economies with only about one eighth of the world's population produced more than half of the world's output.

Accepted Answer

This statement is true according to the World Bank's data on Gross Domestic Product (GDP) by country in 2006. High-income economies, which represent about 14% of the world's population, produced approximately 53% of the world's GDP that year.

Question 17

Which of the following groups has the lowest life expectancy at birth?
A) middle-income economies
B) low-income economies
C) high-income economies
D) sub-Saharan African economies
E) all the world's economies

Accepted Answer

According to the World Bank, sub-Saharan African economies have the lowest life expectancy at birth, with an average of 61 years as of 2018. This is significantly lower than the global average of 72 years.

Question 18

Industrial market countries are also referred to as
A) developing countries
B) low-income economies
C) middle-income economies
D) transitional economies
E) high-income economies

Accepted Answer

Industrial market countries are developed and have high-income economies. These countries have advanced industrial infrastructure, technology, and high standards of living.

Question 19

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

Accepted Answer

Output per capita, also known as GDP per capita, is the most commonly used measure to compare living standards across nations. It reflects the total production within a country divided by the total number of people living there, providing a rough estimate of the average economic output per person. This measure is widely used by international organizations, such as the World Bank and the International Monetary Fund, and it allows for meaningful comparisons between countries with varying population sizes and levels of economic development.

Question 20

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

Accepted Answer

The World Bank categorizes countries into three groups based on their gross national income (GNI) per capita: high-income economies with a GNI per capita of $12,616 or more, middle-income economies with a GNI per capita between $1,036 and $12,615, and low-income economies with a GNI per capita of $1,035 or less. Therefore, the best choice is E, which accurately describes the three categories used by the World Bank based on the GNI per capita of each country.

Quiz 21: Developing and Transitional Economies

Which of the following groups has the lowest malnutrition rate among children less than 5 years of age?

Which of the following groups has the highest infant mortality rate?

If the country of Zorg has a birth rate of greater than 2.2 births per woman,it is likely that Zorg is an industrial market country.

There is a tremendous range in productive performance around the world.

GDP (gross domestic product) measures the market value of all goods and services produced by resources supplied by the countries' residents and firms,regardless of the location of the resource.

In high- income countries,children do not suffer from malnutrition.

Which of the following does not describe the World Bank?

Which of the following is incorrect regarding per capita income in 2005 for United States,China,and Nigeria?

Which of the following is true about GNP?

Sub-Saharan African nations are the poorest in the world and have the fastest growing populations.

Which of the following is not a country or region most likely to be among industrial market countries?

On average,more than half the labor force in developing countries works in agriculture,versus only about 3 percent in industrial market countries.

Differences in stages of development among countries are reflected in a number of ways besides per capita income.

Compared to industrial market countries,developing countries usually have

Which of the following is a cause of higher birth rates in developing countries?

In 2006,high-income economies with only about one eighth of the world's population produced more than half of the world's output.

Which of the following groups has the lowest life expectancy at birth?

Industrial market countries are also referred to as

The yardstick most often used to compare living standards across nations is

The World Bank sorts countries into the following three major groups: