Changing In Economic World Knowledge Orginaser

Question 1

What is development?

Answer 1

The progress of a country in terms of economic growth, the use of technology, and human welfare.

Question 2

List the different types of development.

Answer 2

• Economic
• Social
• Cultural
• Environmental

Question 3

What does GDP per capita measure?

Answer 3

The total value of goods and services produced in a country per person, per year.

Question 4

What does GNI per capita represent?

Answer 4

An average of gross national income per person, per year in US dollars.

Question 5

Define birth rate.

Answer 5

The number of people born per 1,000 people.

Question 6

Define death rate.

Answer 6

The number of people who die per 1,000 people.

Question 7

What is infant mortality?

Answer 7

The number of children who die before reaching 1 per 1,000 babies born.

Question 8

What is the literacy rate?

Answer 8

The percentage of the population over the age of 15 who can read and write.

Question 9

What does life expectancy indicate?

Answer 9

The average lifespan of someone born in that country.

Question 10

What is the Human Development Index (HDI)?

Answer 10

A number that uses life expectancy, education level, and income per person.

Question 11

What does the Demographic Transition Model illustrate?

Answer 11

The transition of a country’s population structure over time, including birth and death rates.

Question 12

Fill in the blank: In Stage 1 of the Demographic Transition Model, the birth rate is _______.

Answer 12

High

Question 13

Fill in the blank: In Stage 1 of the Demographic Transition Model, the death rate is _______.

Answer 13

High

Question 14

What characterizes Stage 2 of the Demographic Transition Model?

Answer 14

High birth rate, rapidly falling death rate, and rapid population increase.

Question 15

What is a Population Pyramid?

Answer 15

A graphical representation of the age and sex distribution of a population.

Question 16

Where are most High-Income Countries (HICs) located?

Answer 16

Europe, North America, and Oceania.

Question 17

Where are most Newly Emerging Economies (NEEs) found?

Answer 17

Asia and South America.

Question 18

Where are most Low-Income Countries (LICs) located?

Answer 18

Africa.

Question 19

List physical factors affecting uneven development.

Answer 19

• Natural Resources
• Natural Hazards
• Climate
• Location/Terrain

Question 20

What is one benefit of natural resources for development?

Answer 20

Availability of fuel sources such as oil.

Question 21

How can natural hazards affect development?

Answer 21

Frequent hazards undermine redevelopment.

Question 22

What impact does education have on development?

Answer 22

Creates a skilled workforce and increases production of goods and services.

Question 23

What is the effect of trade surplus on a country’s economy?

Answer 23

It can improve the national economy.

Question 24

True or False: Lack of clean water and poor healthcare contributes positively to economic development.

Answer 24

False

Question 25

What historical factor has slowed down development in many countries?

Answer 25

Colonialism.

Question 26

What can excessive reliance on aid lead to?

Answer 26

It might stop other trade links from becoming established.

Question 27

What are microfinance loans?

Answer 27

Small loans provided to people in LICs to start their own businesses ## Footnote Microfinance loans are designed to empower individuals in low-income countries by providing them access to capital.

Question 28

What is a potential downside of microfinance loans?

Answer 28

Not clear they can reduce poverty at a large scale ## Footnote While microfinance can help some individuals, its overall impact on poverty alleviation remains uncertain.

Question 29

What is foreign direct investment?

Answer 29

When one country buys property or infrastructure in another country ## Footnote This type of investment can enhance economic relationships and development.

Question 30

What is a benefit of foreign direct investment?

Answer 30

Leads to better access to finance, technology & expertise ## Footnote Foreign direct investment often brings valuable resources to the host country.

Question 31

What is a potential concern associated with foreign direct investment?

Answer 31

Investment can come with strings attached ## Footnote Countries may need to comply with certain conditions imposed by investors.

Question 32

What is aid?

Answer 32

Money or resources given by one country to another ## Footnote Aid can support various development initiatives in recipient countries.

Question 33

What is a positive outcome of aid?

Answer 33

Improves literacy rates, builds dams, and enhances agriculture ## Footnote Aid can have significant impacts on social and economic development.

Question 34

What is a downside of aid?

Answer 34

Can be wasted by corrupt governments or lead to dependency ## Footnote The effectiveness of aid can be undermined by mismanagement or over-reliance.

Question 35

What is fair trade?

Answer 35

A movement ensuring farmers receive a fair price for their goods ## Footnote Fair trade aims to promote equitable trading conditions.

Question 36

What is a benefit of fair trade?

Answer 36

Farmers can develop schools & health centres ## Footnote Fair trade income can be reinvested into community development.

Question 37

What is a limitation of fair trade?

Answer 37

Only a tiny proportion of the extra money reaches producers ## Footnote The distribution of fair trade profits can be uneven.

Question 38

What is debt relief?

Answer 38

Cancellation of a country's debt or lowering of interest rates ## Footnote Debt relief can provide financial breathing room for developing nations.

Question 39

What is a benefit of debt relief?

Answer 39

More money can be spent on development ## Footnote Debt relief allows countries to redirect funds towards essential services.

Question 40

What is a potential downside of debt relief?

Answer 40

Locals might not always get a say in the process ## Footnote Decisions regarding debt relief can sometimes be made without local input.

Question 41

What does technology in development refer to?

Answer 41

Tools, machines, and affordable equipment that improve quality of life ## Footnote Technology plays a crucial role in enhancing living standards.

Question 42

What is a benefit of renewable energy technology?

Answer 42

Less expensive and polluting ## Footnote Renewable energy sources contribute to environmental sustainability.

Question 43

What is a limitation of technology in development?

Answer 43

Requires initial investment and skills in operating technology ## Footnote Access to technology is often hindered by costs and training needs.

Question 44

What is the location and background of Jamaica?

Answer 44

LIC island nation in the Caribbean ## Footnote Jamaica's geographical features attract tourism.

Question 45

What percentage of GDP does tourism contribute to Jamaica as of 2015?

Answer 45

27% ## Footnote Tourism is a significant economic driver for Jamaica.

Question 46

What was the impact of the global recession in 2008 on Jamaican tourism?

Answer 46

Caused a decline in tourism ## Footnote Economic downturns can severely affect tourism-dependent economies.

Question 47

What is a multiplier effect in the context of tourism in Jamaica?

Answer 47

Jobs from tourism lead to more spending in local businesses ## Footnote The tourism sector can stimulate broader economic activity.

Question 48

What is a development problem related to tourism in Jamaica?

Answer 48

Tourists do not always spend much money outside their resorts ## Footnote This limits the economic benefits of tourism for local communities.

Question 49

What infrastructure improvements have been made in Jamaica to support tourism?

Answer 49

New sewage treatment plants have reduced pollution ## Footnote Infrastructure development can enhance both tourism and local living conditions.

Question 50

What are some ongoing challenges faced by many people in Jamaica?

Answer 50

Live in poor quality housing and lack basic services ## Footnote Despite tourism growth, significant socio-economic issues remain.