Question 1

How do population growth and economic growth impact global poverty?

Accepted Answer

Poverty has to do with how much output i

Question 2

Which of the following contributes to an institutional structure that promotes economic growth?

Accepted Answer

A) Comparative advantage. 
B) The inequality trap. 
C) Technology. 
D) Property rights. 
A) Comparative advantage. 
B) The inequality trap. 
C) Technology. 
D) Property rights.

Question 3

Which of the following is true about income inequality?

Accepted Answer

A) Inequality tends to be greatest in the poorest countries. 
B) Inequality is not an issue for developed countries. 
C) Inequality tends to get worse as a country develops. 
D) Inequality tends to diminish as the population increases. 
A) Inequality tends to be greatest in the poorest countries. 
B) Inequality is not an issue for developed countries. 
C) Inequality tends to get worse as a country develops. 
D) Inequality tends to diminish as the population increases.

Question 4

An inequality trap has a negative impact on human capital development.

Accepted Answer

A) True 
 B)False

Question 5

De Soto's The Other Path encourages poor countries to use their development policies to do all of the following except

Accepted Answer

A) Encourage population growth. 
B) Reduce regulations. 
C) Enforce laws to safeguard property. 
D) Encourage entrepreneurship. 
A) Encourage population growth. 
B) Reduce regulations. 
C) Enforce laws to safeguard property. 
D) Encourage entrepreneurship.

Question 6

The best measure of average income for a country is

Accepted Answer

A) Real GDP. 
B) Per capita GDP. 
C) The economic growth rate. 
D) The capital stock of the economy. 
A) Real GDP. 
B) Per capita GDP. 
C) The economic growth rate. 
D) The capital stock of the economy.

Question 7

Which of the following is not true concerning economic growth?

Accepted Answer

A) It is an increase in real GDP. 
B) It can be sustained in the short run but not the long run. 
C) It means that the production possibilities have expanded. 
D) It's the result of more resources or better technology. 
A) It is an increase in real GDP. 
B) It can be sustained in the short run but not the long run. 
C) It means that the production possibilities have expanded. 
D) It's the result of more resources or better technology.

Question 8

In which of the following would the richest tenth of the population be most likely to receive the highest percentage of the country's income?

Accepted Answer

A) Namibia. 
B) The United States. 
C) The United Kingdom. 
D) Japan. 
A) Namibia. 
B) The United States. 
C) The United Kingdom. 
D) Japan.

Question 9

In order to have adequate water access,based on the World Bank definition,there should be

Accepted Answer

A) Indoor plumbing in at least one-quarter of the homes in a country. 
B) A private water pipe outside everyone's home. 
C) A protected public water pipe within half a mile of everyone's home. 
D) A public lake or stream within a mile of everyone's home. 
A) Indoor plumbing in at least one-quarter of the homes in a country. 
B) A private water pipe outside everyone's home. 
C) A protected public water pipe within half a mile of everyone's home. 
D) A public lake or stream within a mile of everyone's home.

Question 10

Income inequalities are greatest in

Accepted Answer

A) Developed countries such as Japan. 
B) Rich countries such as the United States. 
C) Poor countries such as Namibia. 
D) Countries with high levels of GDP. 
A) Developed countries such as Japan. 
B) Rich countries such as the United States. 
C) Poor countries such as Namibia. 
D) Countries with high levels of GDP.

Question 11

The average standard of living for poor countries will not increase if the population growth exceeds economic growth.

Accepted Answer

A) True 
 B)False

Question 12

The investment rate is the percentage of total output allocated to

Accepted Answer

A) Saving. 
B) Consumer retirement accounts. 
C) Education and training for the workforce. 
D) The production of new plants,equipment,and structures. 
A) Saving. 
B) Consumer retirement accounts. 
C) Education and training for the workforce. 
D) The production of new plants,equipment,and structures.

Question 13

An increase in total output or real GDP is

Accepted Answer

A) The inequality trap. 
B) Productivity growth. 
C) Economic growth. 
D) The Millennium Poverty Goal. 
A) The inequality trap. 
B) Productivity growth. 
C) Economic growth. 
D) The Millennium Poverty Goal.

Question 14

Just under half of the people in the world who live in extreme poverty live in China and India combined.

Accepted Answer

A) True 
 B)False

Question 15

The U.S.inflation adjusted poverty threshold in 2014 was set at $35,000 per year for a family of four.

Accepted Answer

A) True 
 B)False

Question 16

If women are not allowed to own property or inherit wealth but men are,this is an example of comparative advantage.

Accepted Answer

A) True 
 B)False

Question 17

The World Bank defines ________ poverty as an income of less than $1.90 per day per person.

Accepted Answer

A) extreme 
B) severe 
C) extraordinary 
D) relentless 
A) extreme 
B) severe 
C) extraordinary 
D) relentless

Question 18

Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path.

Accepted Answer

A) True 
 B)False

Question 19

Over three-fourths of the world's population lives in households that have an average income of less than ________ per year.

Accepted Answer

A) $10,000 
B) $4,000 
C) $2,000 
D) $1,000 
A) $10,000 
B) $4,000 
C) $2,000 
D) $1,000

Question 20

According to the World Bank,roughly 800 million people are classified as being in ________ poverty.

Accepted Answer

A) subsistence 
B) severe 
C) tremendous 
D) extreme 
A) subsistence 
B) severe 
C) tremendous 
D) extreme

Exam 37: Global Poverty

How do population growth and economic growth impact global poverty?

Which of the following contributes to an institutional structure that promotes economic growth?

Which of the following is true about income inequality?

An inequality trap has a negative impact on human capital development.

De Soto's The Other Path encourages poor countries to use their development policies to do all of the following except

The best measure of average income for a country is

Which of the following is not true concerning economic growth?

In which of the following would the richest tenth of the population be most likely to receive the highest percentage of the country's income?

In order to have adequate water access,based on the World Bank definition,there should be

Income inequalities are greatest in

The average standard of living for poor countries will not increase if the population growth exceeds economic growth.

The investment rate is the percentage of total output allocated to

An increase in total output or real GDP is

Just under half of the people in the world who live in extreme poverty live in China and India combined.

The U.S.inflation adjusted poverty threshold in 2014 was set at $35,000 per year for a family of four.

If women are not allowed to own property or inherit wealth but men are,this is an example of comparative advantage.

The World Bank defines ________ poverty as an income of less than $1.90 per day per person.

Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path.

Over three-fourths of the world's population lives in households that have an average income of less than ________ per year.

According to the World Bank,roughly 800 million people are classified as being in ________ poverty.

Economics: the Core Issues

The Useconomy: a Global View

Supply and Demand

The Role of Government

National Income Accounting

Unemployment

Inflation

The Business Cycle

Aggregate Demand

Self-Adjustment or Instability

Fiscal Policy

Deficits and Debt

Money and Banks

The Federal Reserve System

Monetary Policy

Supply-Side Policy: Short-Run Options

Growth and Productivity: Long-Run Possibilities

Theory Versus Reality

Consumer Choice

Elasticity

The Costs of Production

The Competitive Firm

Competitive Markets

Monopoly

Oligopoly

Monopolistic Competition

Natural Monopolies: Deregulation

Environmental Protection

The Farm Problem

The Labor Market

Labor Unions

Financial Markets

Taxes: Equity Versus Efficiency

Transfer Payments: Welfare and Social Security

International Trade

International Finance

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