Contents

Due to…….the purchasing power of people deceases.
a) Unemployment                              
b) Inflation
c) illiteracy                           
d) Ignorance

b

……….is directly associated with the level of income of individuals.
a) Health                                              

b) Technology
c) Standard of living        

d) Population

c

The total value of all goods and services produced in one year, within a country, is called………..
a) GDP 

b) GNP                  

c) HDI   

d) EDI

a

High inflation is……………for economic development.
a) good                                 

b) bad
c) neutral                                              

d) terrible

b

The state where the individuals are unable to get jobs, is called……..
a) inflation                                           

b) unemployment
c) education                         

d) health

b

Most of the people in the world live in……… countries.
a) developed                        

b) developing
c) under-developed                            

d) industrialized  

b