Lesson M2.2.1

M2.2.1 Economic structure, sustainable development and development measures Quiz: OCR Economics, Unit 7

20 questions

Written by Revision Ninja · Last reviewed 11 October 2026

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Lesson M2.2.1, Economic structure, sustainable development and development measures: 20 multiple choice questions for the OCR Economics (H460), Unit 7: Economic policy objectives, written with Revision Ninja.

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The 20 questions

  1. What sector of the economy involves extracting raw materials directly from nature?

    • Secondary sector
    • Quaternary sector
    • Tertiary sector
    • Primary sector

  2. Which component is used alongside GNI per capita and education to calculate the HDI?

    • Unemployment rate
    • Inflation rate
    • Gini coefficient
    • Life expectancy

  3. What value range is used to measure the Human Development Index?

    • 0 to 100
    • -1 to +1
    • 0 to 1
    • 1 to 10

  4. Which index adjusts national output measures to account for environmental damage and defensive costs?

    • Human Development Index
    • Big Mac Index
    • Genuine Progress Indicator
    • Consumer Price Index

  5. What term describes economic growth that meets present needs without compromising future generations?

    • Structural change
    • Economic expansion
    • Sustainable development
    • Nominal growth

  6. According to the Prebisch-Singer hypothesis, what happens over time to terms of trade for primary exporters?

    • They improve
    • They double
    • They deteriorate
    • They remain constant

  7. What graphical model shows an inverted U-shaped relationship between environmental degradation and income per capita?

    • Environmental Kuznets Curve
    • Phillips Curve
    • Laffer Curve
    • Lorenz Curve

  8. What economic sector includes financial services, retail, and tourism?

    • Tertiary sector
    • Primary sector
    • Quaternary sector
    • Secondary sector

  9. Which measure adjusts GDP for national price level differences using a standardised basket of goods?

    • Gross National Happiness
    • Purchasing Power Parity
    • Human Poverty Index
    • Foreign Direct Investment

  10. In the Harrod-Domar model, what two factors directly determine the rate of economic growth?

    • Taxes and spending
    • Wages and prices
    • Savings and capital-output
    • Exports and imports

  11. Which model describes the movement of surplus labour from subsistence agriculture to modern manufacturing?

    • Solow model
    • Lewis model
    • Ricardo model
    • Keynesian model

  12. Which index assesses standard of living, education, and health across individual households to measure acute poverty?

    • Multidimensional Poverty Index
    • Consumer Price Index
    • Gini coefficient
    • Human Development Index

  13. What adjustment is made to HDI to account for unequal distribution of achievements across a population?

    • RPI adjustment
    • PPP adjustment
    • CPI adjustment
    • IHDI adjustment

  14. What economic sector is primarily concerned with knowledge-based activities like research, IT, and data analysis?

    • Secondary sector
    • Quaternary sector
    • Primary sector
    • Tertiary sector

  15. If a country's HDI rank is much lower than its GNI per capita rank, what does this indicate?

    • Weak human capital
    • Low income inequality
    • Rapid trade surplus
    • High life expectancy

  16. Which non-monetary measure evaluates sustainable well-being by dividing ecological footprint into human well-being?

    • Happy Planet Index
    • Human Poverty Index
    • Gross National Product
    • Big Mac Index

  17. What term refers to small loans given to low-income individuals to encourage entrepreneurship in developing nations?

    • Microfinance
    • Foreign aid
    • Sovereign debt
    • Remittances

  18. As an economy develops over time, how does its structural composition typically shift according to Fisher-Clark?

    • Services to primary
    • Secondary to primary
    • Primary to services
    • Quaternary to primary

  19. What type of flow occurs when a foreign firm invests directly in physical assets in another country?

    • Foreign Direct Investment
    • Foreign remittance
    • Portfolio investment
    • Bilateral aid

  20. What term describes the loss of capital caused by non-renewable resource extraction in green accounting?

    • Foreign exchange gap
    • Capital appreciation
    • Deflationary gap
    • Resource depletion

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