Worksheet of chapter 5.1 (living standards) 5.2 (Poverty)
Which of the following is commonly used to measure a country's standard of living?
A) Gross Domestic Product (GDP)
B) Consumer Price Index (CPI)
C) Unemployment Rate
D) Balance of Trade
The Human Development Index (HDI) includes all the following indicators EXCEPT:
A) Life expectancy at birth
B) Mean years of schooling
C) Income inequality
D) Gross National Income per capita
An increase in which of the following is most likely to improve living standards?
A) Inflation rate
B) Literacy rate
C) Unemployment rate
D) Population growth rate
Which factor is least likely to directly affect a country's standard of living?
A) Access to healthcare
B) Political stability
C) Natural disasters
D) Fashion trends
A country with a high GDP per capita but significant income inequality might experience:
A) Uniformly high living standards
B) High living standards for all citizens
C) Low living standards for all citizens
D) High living standards for some and low for others
Which of the following best describes "standard of living"?
A) The total value of goods and services produced in a country
B) The average income of citizens in a country
C) The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area
D) The rate at which prices for goods and services rise
Which policy is most likely to reduce poverty in a developing country?
A) Increasing taxes on essential goods.
B) Investing in education and healthcare.
C) Reducing the minimum wage.
Worksheet of chapter 5.1 (living standards) 5.2 (Poverty)
D) Limiting access to microfinance.
What is a common characteristic of absolute poverty?
A) Owning a personal vehicle.
B) Inability to afford basic necessities.
C) Having access to higher education.
D) Possessing luxury goods.
Which of the following measures is least effective in reducing poverty?
A) Providing vocational training programs.
B) Implementing progressive taxation.
C) Reducing access to primary education.
D) Offering microcredit to small entrepreneurs.
How does unemployment contribute to poverty?
A) By increasing disposable income.
B) By reducing individuals' earning potential.
C) By providing more leisure time.
D) By enhancing skill development.
Q: Explain 2 causes of economic growth. /4
Q: Analyse why a country may have a high HDI value. /6
Q: Analyse why people may migrate to a country with a high unemployment rate. /6