Question 1

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)  relentlessE) None of the above
F) B) and D)

Question 2

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.E) B) and C)
F) C) and D)

Question 3

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.E) B) and C)
F) None of the above

Question 4

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.E) B) and D)
F) C) and D)

Question 5

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.E) A) and D)
F) A) and C)

Question 6

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 7

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.E) B) and D)
F) B) and C)

Question 8

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.E) B) and D)
F) B) and C)

Question 9

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.E) A) and B)
F) A) and C)

Question 10

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 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

How do population growth and economic growth impact global poverty?

Accepted Answer

Poverty has to do with how much output i...

Question 13

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 14

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.E) A) and B)
F) B) and D)

Question 15

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.E) C) and D)
F) B) and D)

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A)  subsistence
B)  severe
C)  tremendous
D)  extremeE) C) and D)
F) B) and D)

Question 18

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)  $1,000E) B) and C)
F) None of the above

Question 19

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.E) B) and C)
F) None of the above

Question 20

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

Exam 37: Global Poverty

The best measure of average income for a country is

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

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Which of the following is true about income inequality?

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

Correct AnswerverifiedShow Answer

Which of the following is not true concerning economic growth?

Correct AnswerverifiedShow Answer

An increase in total output or real GDP is

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

How do population growth and economic growth impact global poverty?

Correct AnswerverifiedPoverty has to do with how much output i...View AnswerShow Answer

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?

Correct AnswerverifiedShow Answer

Income inequalities are greatest in

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The investment rate is the percentage of total output allocated to

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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Poverty has to do with how much output i...
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