E18 - Lesson 7– How Our Country Compares to the Rest of the World
Q.1
Which of the following are not one of the three keys points that students are asked to take away from Lesson 7?
Lead by the United States, only 19% of the world’s population enjoys 53% of the world’s wealth.
Simply redistributing the wealth of rich countries to the poor will not solve the problems of poor countries.
Redistributing the wealth of rich nations to poor nations is the first step in solving the poverty problem.
To lift themselves out of poverty, poor countries must embrace free market principles.
Q.2
In the year 2014, the five largest economies in the world in terms of their Gross National Income were the United States, China, India, Japan & Germany. What were the world’s five largest economies in 1986?
United States, Japan, Germany, France and Italy.
United States, China, Germany, the United Kingdom and India
Germany, United Kingdom, France, Italy and Spain,
Japan, United States, Germany, United Kingdom and Canada.
Q.3
In 2002 the World Bank set forth its prescription for how “people (can) rise from poverty when they act on two pillars of development. What were those two pillars of development?
Building a good investment climate in which private entrepreneurs will invest, generate jobs and produce efficiently.
Empowering poor people and investing in them so that they can participate in economic growth
Both Building a good investment climate in which private entrepreneurs will invest, generate jobs and produce efficiently AND Empowering poor people and investing in them so that they can participate in economic growth
Neither Building a good investment climate in which private entrepreneurs will invest, generate jobs and produce efficiently NOR Empowering poor people and investing in them so that they can participate in economic growth
Q.4
In the year 2000, 41% of the world’s population lived in countries that the World Bank classified as “Low Income Countries”. What percentage of the world’s population lived in “Low Income Countries” in 2014?
9%
45%
56%
62%
Q.5
For the 20 years prior to 2011, the Chinese economy grew at more than 10% per year. Since then the growth rate of its economy has decreased to about 7.5%. As noted in Lesson 7, how does this recent annual growth rate compare to the growth rate of the high income countries of the world?
About the same as the high income countries of the world.
Less than the growth rate of the high income countries of the world.
About double the growth rate of the high income countries of the world.
3-5 times the annual growth rate of the high income countries of the world.