Lesson 4.1.1

4.1.1 Growing economies Quiz: Pearson Edexcel Business, Unit 4

20 questions

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Lesson 4.1.1, Growing economies: 20 multiple choice questions for the Pearson Edexcel Business (9BS0), Unit 4: Global business, written with Revision Ninja.

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The 20 questions

  1. Which three dimensions are measured by the Human Development Index?

    • Employment, output, trade
    • Health, education, income
    • Inflation, debt, exports
    • Profit, wages, tax

  2. How is GDP per capita calculated for an economy?

    • GDP plus tax
    • GDP times trade
    • GDP over population
    • GDP minus debt

  3. Which of these is a non-income indicator of development?

    • Average wage rate
    • Disposable income
    • Gross domestic product
    • Infant mortality rate

  4. Which term best describes rapidly industrialising nations such as China and India?

    • Subsistence economies
    • Emerging economies
    • Stagnant markets
    • Developing nations

  5. What major trade opportunity arises from growing economic power in Asia?

    • Falling trade barriers
    • Rising middle class
    • Reduced shipping costs
    • Cheaper raw materials

  6. A country has GDP of 1,200 billion and a population of 60 million. What is GDP per capita?

    • 72,000
    • 5,000
    • 2,000
    • 20,000

  7. GDP rises from 500 billion to 540 billion in one year. What is the percentage growth rate?

    • 8%
    • 7.5%
    • 40%
    • 4%

  8. A country's HDI rises while its GDP per capita is unchanged. What improved?

    • Export volumes
    • Exchange rates
    • Health or education
    • Corporate tax rates

  9. Which limitation applies directly to GDP per capita as a development measure?

    • Includes inflation rates
    • Counts trade deficits
    • Ignores income distribution
    • Measures public debt

  10. How does rising literacy in a country directly benefit businesses?

    • More skilled workforce
    • Higher import tariffs
    • Lower corporate tax
    • Cheaper bank loans

  11. Within what range does the Human Development Index (HDI) lie?

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

  12. Economic growth typically shifts employment away from which sector first?

    • Manufacturing
    • Agriculture
    • Financial services
    • Information technology

  13. Which health indicator is commonly used when calculating the Human Development Index?

    • Unemployment rate
    • Interest rate
    • Total population
    • Life expectancy

  14. Which indicator best shows rising consumer purchasing power in a target market?

    • Import tariffs
    • Corporate tax
    • Exchange rates
    • GDP per capita

  15. What is a major implication for the UK when emerging economies grow faster?

    • Higher domestic inflation
    • Lower export prices
    • Falling world share
    • Increased national debt

  16. Which international body publishes the Human Development Index?

    • International Monetary Fund
    • World Trade Organization
    • World Bank
    • United Nations

  17. High GDP per capita alongside low HDI usually indicates what economic feature?

    • High inflation rates
    • Unequal income distribution
    • Strict labour laws
    • Excessive trade tariffs

  18. What factor most limits economic growth from improving living standards for everyone?

    • Low interest rates
    • Strong currency values
    • High export tariffs
    • Income inequality

  19. What is the primary benefit to consumer goods businesses when household incomes rise?

    • Reduced transport fees
    • Higher product demand
    • Lower production costs
    • Cheaper raw materials

  20. What does real GDP measure that nominal GDP does not?

    • Nominal market price
    • Per capita income
    • Inflation-adjusted output
    • Total currency value

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