Practice Questions
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Which of the following best describes the relationship between productivity and economic development?
When productivity increases, it means more goods and services are made efficiently. Other options are incorrect because Some might think that more pro...
Which of the following best describes the challenges in measuring productivity in the service sector compared to the manufacturing sector?
Services are often things you can't touch, like a haircut or a concert. Other options are incorrect because Some might think that services are always ...
Which of the following best differentiates labor productivity from total factor productivity in the context of economic productivity classification?
Labor productivity looks at how much output is made for each hour of work. Other options are incorrect because This answer suggests that total factor ...
How does the integration of technology into economic classification systems influence overall economic productivity?
Technology helps businesses work faster and better. Other options are incorrect because Some might think that technology makes skilled workers less im...
How do productivity policies impact the relationship between labor productivity and capital productivity in a sociological context?
Productivity policies can create a gap between how much workers produce and how much machines produce. Other options are incorrect because This sugges...
What classification of economic productivity refers to the efficiency with which resources are utilized to produce goods and services?
Total Factor Productivity measures how well all resources work together to create goods and services. Other options are incorrect because Labor Produc...
What is labor productivity primarily concerned with in economic terms?
Labor productivity measures how much work is done by each worker. Other options are incorrect because This option focuses on the number of workers, no...
Which of the following best describes capital productivity in the context of economic productivity classification?
Capital productivity measures how much output we get from the capital we use. Other options are incorrect because This option talks about the total ou...
If a country is classified as a high-income country, what underlying economic factor is most likely contributing to this classification?
High-income countries usually have a high GDP. Other options are incorrect because Many think a big population means more wealth; Some believe farming...
Maria is researching the economic productivity of different countries for her sociology project. She finds that countries are classified into various income groups based on metrics like GDP and GNI. If she analyzes a country with a high GDP but a low GNI, what might this indicate about the country's economic structure?
A high GDP means the country makes a lot of money overall. Other options are incorrect because This answer suggests everyone is doing well; This optio...
High-income countries are to advanced economic productivity as lower-middle-income countries are to what level of productivity?
Lower-middle-income countries are often still growing and improving their economies. Other options are incorrect because Some might think emerging mea...
Countries are classified into income categories based on their economic productivity using metrics such as Gross Domestic Product (GDP) and ________, which takes into account the income received by residents from abroad.
GNI measures the total income of a country's residents, including money earned from abroad. Other options are incorrect because NDP focuses only on th...
How do GDP and GNI classifications help in understanding global economic disparities among countries?
GDP and GNI show how much money a country makes and how it is shared. Other options are incorrect because This answer suggests that population size is...
Which of the following classifications of countries are based on their economic productivity levels? (Select all that apply)
All the options listed are types of countries, but they do not directly measure economic productivity levels. Other options are incorrect because Some...
Arrange the following classifications of countries based on economic productivity from highest to lowest income level: A. Upper-middle-income countries B. High-income countries C. Low-income countries D. Lower-middle-income countries
High-income countries have the most money and resources. Other options are incorrect because This option mixes up the order; This option starts with l...
A country has a high Gross Domestic Product (GDP) but a low Gross National Income (GNI) per capita. Which classification best describes this country and why?
This country has a high GDP, meaning it produces a lot of goods and services. Other options are incorrect because People might think high GDP means ev...
How does the classification of countries by economic productivity impact global socio-economic policies?
When countries are classified by how much they produce economically, it helps organizations decide what kind of help each country needs. Other options...
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