Reference no: EM133248521

1. Which of the following is a way to compare well-being across countries at the same point in time?

a) Wealth per person, where wealth includes financial assets

b) Gross Domestic Product at nominal values

c) Gross Domestic Product per capita at real values

d) Gross Domestic Product per capita at purchasing power parity (PPP)

2. The value of both Dell laptops AND the Dell computer chips (that are used in the production of Dell laptops) is included in the calculation of the GDP.

a) True

b) False

3. Which country is better off based on national income comparisons?

Country A: GDP of the country is USD 200,000. There are 2000 people in this country. Country B: GDP of the country is 1,000,000 Shilling. There are 1000 people in this country. Exchange rate: 1 Shilling = 0.1 USD 1 USD goes 20% further in Country B

a) Both countries are the same

b) Country B

c) Cannot tell based on the information

d) Country A

4. According to poverty estimate projections, where will the majority of poor people live in 2050?

a) Latin America and the Caribbean

b) South Asia

c) Sub-Saharan Africa

d) East Asia and Pacific