Economics

National Income and Poverty Measurement

1,142 Questions

National income and poverty measurement involves calculating economic indicators like GDP, the Gini coefficient, and the Human Development Index. These metrics help gauge economic health, inequality, and poverty levels within a country. Practice these economics questions to understand the statistical methods used in macroeconomic analysis.

GDP calculationEconomic inequality indicesPoverty line conceptsNational income methods

National Income and Poverty Measurement Questions

Multiple choice economics parameters (indicators) of development human development and human development index (hdi) hdi dynamic of human development

Which of these is/are not component of HDI index?

  1. Knowledge

  2. Longevity

  3. Income

  4. Health
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Health is not a component of HDI Index..
HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.
Multiple choice economics parameters (indicators) of development human development and human development index (hdi) hdi dynamic of human development

For measuring human well-being which of this index is used?

  1. Retail price index.

  2. Gini index.

  3. HDI.

  4. CPI.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

For measuring human well-being, HDI( Human Development index ) is used.HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Multiple choice economics parameters (indicators) of development human development and human development index (hdi) hdi dynamic of human development

 ________ is not a dimension of Human Development Index.

  1. Per Capita income

  2. Education

  3. Life expectancy

  4. Moral value
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Moral value is not a dimension of Human Development Index. HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Multiple choice economics parameters (indicators) of development human development and human development index (hdi) hdi dynamic of human development

The Human Development Index (HDI) as a measure of development has evolved recently. It includes the indicators _________.

  1. per capita income for evaluating satisfaction derived from the essential products and services and to focus on employment levels.

  2. life expectancy, a social indicator, to measure progress made in health and nutrition and infant mortality

  3. educational levels attained

  4. all of the above.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Human Development Index is a measure of human development over the years which includes per capita income for evaluating the utility which people get from different products, life expectancy which measures the progress made in health and nutrition and educational levels. 

Multiple choice economics dynamic of human development development indices various development indexes social development

A statistical tool used to measure a country's overall achievement in its social and economic dimensions. 

  1. GDP

  2. Per capita income

  3. Human development index

  4. None
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

  • A statistical tool used to measure a country's overall achievement in its social and economic dimensions is Human Development Index.
  • The Human Development Index (HDI) gives a statistical idea of life expectancy, education, and per capita income indicators, which are used to rank countries.

Multiple choice economics dynamic of human development development indices various development indexes social development

Which of the following are considered while calculating Human Development Index?

  1. Life expectancy for health

  2. Expected years of schooling for Education

  3. Per capita income for standard of living

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Human Development Index (HDI) is a composite statistic of life expectancy, education (mean years of schooling and expected years of schooling), and per capita income indicators.

Multiple choice economics dynamic of human development development indices various development indexes social development

In order to measure the quality of human life, the United Nations Development Programme has formed a criterion known as ________.

  1. Human Development Index

  2. National Income Distribution Index

  3. Per capita income

  4. Resource index
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Human Development Index (HDI) is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.

Multiple choice economics dynamic of human development development indices various development indexes social development

The average life expectancy, educational achievement and standard of living is called _________.

  1. Happiness Index

  2. Human Development Index

  3. Pricing Index

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Human Development Index (HDI) is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.

Multiple choice economics dynamic of human development development indices various development indexes social development

Balanced growth means __________.

  1. The growth of the different segments of economy in a harmonious manner

  2. Equal percentage growth in out put

  3. A balanced rise in the resources allocated

  4. Natural growth rate of different segments of economy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The different segments of economy comprise of primary, secondary and tertiary or service sectors. Economic growth should be balanced. It should be balanced in terms of sustainability, less inflation and harmony in the development of different segments. 

Thus, balanced growth refers to the growth of different segments of the economy in a harmonious manner.

Thus, the correct answer is A.

Multiple choice economics dynamic of human development development indices various development indexes social development

Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country?

  1. Inflation

  2. Sensex

  3. Human Development Index

  4. SLR
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Human Development Index (HDI) provides an overall index of economic development. It assists one in knowing about the country’s progress.  HDI uses the logarithm of income to serve the purpose. HDI is developed to measure life expectancy, level of literacy, education and standard of living of people in a country.

Thus, the correct answer is C.

Multiple choice economics dynamic of human development development indices various development indexes social development

Which of the following is one of the indicators of Human Development Index (HDI)?

  1. Life expectancy at birth

  2. Total cost of the agricultural land with a family

  3. Total area of the agricultural land with a family

  4. Availability of perennial source of water for irrigation
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Human Development Index is an index which depicts the overall development of the economy. It helps one in knowing about the country’s progress. HDI uses various indicators to know human development.  These include life expectancy at birth, education and per-capita income.

Thus, the correct answer is A.

Multiple choice economics dynamic of human development development indices various development indexes social development

State with reasons whether the following statement is True or False
In HDI, GDP per capita is calculated as PPP in US dollars.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Living standard is assessed by Gross National Income per capita, which forms the GNI index. It is calculated into the Human Development Index.GDP is considered a means for human development. However, it is not an end. Moreover, in HDI, GDP per capita is calculated as PPP in US Dollars.

Thus, the correct answer is A.

Multiple choice economics dynamic of human development development indices various development indexes social development

For measuring human well-being _______ index is used.

  1. HDI

  2. WPI

  3. CPI

  4. NIFTY
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Human Development Index (HDI) is important as it emphasizes that people and their capabilities should be the ultimate criteria in order to assess the development of a country and not only the economic growth. It uses the composite index of life expectancy, education, and per capita income indicators to measure the human well-being.

Thus, the correct answer is A.

Multiple choice economics dynamic of human development development indices various development indexes social development

HDI index does not include_________.

  1. income

  2. longevity

  3. health

  4. education
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

HDI Index does not includes health as a component. HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.