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Development Economic 2023

A detailed classroom setting with students discussing development economics, featuring graphs and charts on economic indicators such as HDI, GDP, and Lorenz Curves.

Development Economics Quiz 2023

Test your knowledge on Development Economics with our comprehensive 10-question quiz! This quiz covers essential concepts and indicators used to measure economic development and poverty.

Explore topics like GDP, HDI, and economic indicators
Enhance your understanding of poverty metrics and development theories
Engage with thought-provoking questions based on recent academic discussions

10 Questions2 MinutesCreated by AnalyzingData321

What is a definition of real income? Answer by selecting one of options, (1)-(6)below. (5 points)

Income in terms of the volume of a commodity

Permanent income excluding one-time transient revenue

Disposable income after taxation

Income remaining after deducting living cost

Secured income insured against financial risl

Why was the Human Development Index (HDI) created by Amartya Sen and UNDP? How is HDI superior to the real income per capita as an indicator of development? Answer by selecting one of the following options, (1)-(5) below. (5 points)

HDI is a good proxy for human right protection

HDI is more liberal than real income per capita

HDI is a good proxy for sustainable development

HDI reflects some non-income constraints while real income reflects only the constraint in income

HDI reglects qualitative and descriptive aspects of development

What is the critical weakness of the Head Count Ratio as a poverty indicator? Answer by selecting one of the following options, (1)-(5) below. (5 points)

To neutralize influence of income inequality

To accentuate impact of income of middle class of a country

To adjust effects of inflation on nominal income

To internalize the externality incorporated in normal income

To discount very high income of rich countries

The foloowing formular is known as FGT Index, when K=0, which indicator does the FGT index turn out? Answer by selecting one among the following options.

Human Development Index

Squared poverty Gap Ratio

Gini Coefficient

Squared Poverty Gap Ratio

Head Count Ratio

Real GNP Per Capita

Poverty Gap Ratio

A critical difference between the Poverty Gap Ratio (P1) and the Squared Poverty Gap Ratio (P2) is that P2 can be interpreted as a weighted average of individual poverty gap ratios, while P1 is the simple average of individual poverty gap ratios. What is a weighted average, anyway? Suppose there are three values, x, y and z. How are they aggregated as a weighted average? Answer by selecting one of the 7 formulas below.

The figure below exhibits the Lorenz Curve and a reference line. There are areas A and B marked with red and blue colors, respectively. How is the Gini Coefficient defined with areas A and B?

Gini Coefficient = B / A

Gini Coefficient = (A+B) / A

Gini Coefficient = B / (A+B)

Gini Coefficient = A / (A+B)

Schumpeter and Arrow raised different viewpoints which determine who is more likely to be an innovator. Which viewpoint did Arrow raise? Answer by selecting one among the following options.

Synergy in innovation in an industrial cluster

Affordability of affluent fund to invest into innovation

Rich Experiences of research and development activities

Motivation to overturn the dominance of a technology leader

Capacity to conduct research as R&D

What does 'Tied Aid' mean? Answer by selecting one of the following option

Aid Conducted under a condition that a multiple number of doner are coordinated

Aid offered only if predetermined goal (result) are archieved.

Aid proveded for a certain project to be completed

Aid offered in kind (in the form of committees) not in money

Aid under a condition of materials procurement limited to those made in the country of donation

Aid conducted in accordance with certain combination of macroeconomic conditionality.

Which is the best description on China's external existence among the options shown below. Answer according to the studies based on AidData, which were discussed in the last lecture.

Contracts between China recipient countries contain as many confidential clasues as those with other creditors

China plays a great role in the Paris Club

China's lending condition are likely to be more preferential than other creditors, so China's public lending to developing countries are likely to be counted as ODA

China is the greatest contributor to developing countries in public lending while its lending conditions are close to those of commercial loans

China is the greatest contributor in ODA and its lending conditions are close to those of ODA

The Industrial Revolution took place in Britain in the 18th century. Why the revolution happened in the country in that time period?. Answer by selecting one among the following options.

Because Britain was located in a center of the civilization during the era

Because Britain went through remarkable transfer of power from the king to merchants for democracy up to that time period.

Because Britain had already reached to a remarkable level of technological sophistication till that time.

Because Britain's natural resource and energy were outstandingly richer than other parts of Europe in the 18th century.

Because capital accumulation for innovation had been considerably achieved in Britain by that time.

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