CAIE IGCSE Economics 5.1 Living Standards Topic Practice

Question 1

[Maximum number: 1]

In one particular year, South Sudan's population growth was 1.3% while its GDP growth was 2%. What is the most likely consequence of this?

A

GDP per capita will decrease

B

the rate of inflation will decrease

C

the standard of living will increase

D

unemployment will increase

Question 2

[Maximum number: 1]

In rural areas in developing countries, farmers grow food for their own consumption.
Why might this mean that the GDP is a weak measure of the standard of living in those countries?

A

The food grown is not exported.

B

The GDP does not include agricultural production.

C

The GDP only refers to the public sector.

D

The value of the food is unknown.

Question 3

[Maximum number: 1]

The table shows the Human Development Index (HDI) value for a country in two years.

Table for Question 3 — CAIE IGCSE Economics

What would not explain the change in the HDI value?

A

an increase in gender equality

B

an increase in income per head

C

an increase in life expectancy

D

an increase in years of schooling

All question bank results loaded