Answer the following questions

Question 1 1 pts The level of real GDP per capita in 1960 is a good indicator of the level of real GDP per capita in 2017. Not really, only some of the countries that were among the top 10 richest countries in 1960 are also among the top 10 richest countries in 2017. Yes, the top 10 richest countries in 1960 are also the top 10 richest countries in 2017. Yes, all of the top 10 richest countries in 1960 are among the top 10 richest countries in 2017. No, none of the top 10 richest countries in 1960 are among the top 10 richest countries in 2017. DI Question 2 1 pts The Millennium Development Goals include O increasing exports by one half. O achieving universal primary education. increasing imports. O all of these are correct. Question 3 1 pts Which of the following is an objective of development? O Lower the level of inflation. O Lower national debt. Increase the number of roads in a country. O Raise the levels of living standard. D Question 4 1 pts Development economics is the study of the O allocation of resources in developing countries. O alleviation of absolute poverty. O all of these are correct O transformation of institutions. Question 5 1 pts A subsistence economy is O an economy in which people receive food for pay. O a very low income economy O all of these are correct O an economy in which people make what they consume. Question 6 1 pts A good definition of the meaning of development is the O elimination of absolute poverty. O fulfillment of the potential of individuals. O all of these are correct improvement in the quality of life. DI Question 7 1 pts According to Nobel Price Winner Amartya Sen, Economic Development is an expansion of consumption capabilities responsibilities O poverty Question 8 1 pts Development economics must have a scope wider than traditional economics because O people in developing societies do less utility-maximizing. O transformation of social institutions is necessary for development all of these are correct. O values and attitudes play little role in the pace of development. D Question 9 1 pts The core values of development include O reducing the inequality of income. O all of these are correct. the ability to meet basic needs. increasing income per person. DI Question 10 1 pts Countries tend to be classified as more or less developed based on the poverty rate. O the literacy rate. O the level of income per capita. O the types of goods they produce