Good day, can someone help me answer the problems below, I am having difficulty answering them and I will appreciate it if someone can help me and explain to me the correct answers to the following problems. Thank you!

Question 2

The number of people in the world who are absolutely poor in the latest statistics is closest to

Select the correct response:

a. one billion

b. 800 million

c. three billion

d. a quarter-billion

e. two billion

f. 500 million

Question 3

Which among the following countries is not a transitional economy?

Select the correct response:

a. Hungary

b. Mexico

c. Russia

d. China

Question 5

How did the relative gap between GNP per capita for Sub-Saharan countries and GNP/capita for Western Europe changed from the late 19th century to the present?

Select the correct response:

a. ambigous

b. remained the same

c. cannot be determined

d. decreased

e. increased

Question 7

One of the latest World Bank's classification of development levels divides countries into _________________ which are based on the GNI per capita in current USD. These are

Select the correct response:

a. low, lower-middle, upper-middle, middle-high, and high-income countries

b. Asia, America and Europe

c. low, lower-middle, upper-middle, and high-income countries

d. NIC, OPEC and G7

e. Southeast, Northeast and Southwest

f. low-income, middle-income and high-income

g. low, lower-middle, upper-middle, lower high-income, middle high-income, and upper high-income countries

Question 12

If the less developed countries will imitate the labor standards from rich countries, this may increase

Select the correct response:

a. human development

b. none of the above

c. sustainability

d. employment

e. equality

f. poverty

Question 13

The Human Development Index (HDI) summarizes a great deal of social performance in a single composite index, combining

Select the correct response:

a. none of the above

b. minimum schooling, adult literacy and tertiary educational attainment

c. all of the above

d. disparity reduction rate, human resource development rate and the composite index

e. human resource training, development and R&D

f. longevity, education and living standard

Question 14

Developed economies have lower levels of absolute poverty because they

Select the correct response:

a. III. have higher business opportunities

b. I. have more employment opportunities

c. IV. have lower tax rates

d. I, II, III, and IV

e. I and II

f. I, II and III

g. I and III

h. II. have more government assistance

Question 15

Which of the following is not a third-world region?

Select the correct response:

a. Australia

b. Africa

c. Asia

d. Latin America

Question 16

Why did the growth of the Japanese and German economies after World War II not been repeated in the less-developed countries?

Select the correct response:

a. none of the above

b. the interest rates are low

c. financial capital is low

d. real domestic currency depreciation exists

e. human capital or technical skills were lacking

f. political instability inhabits world-wide investment

Question 17

Economic growth measure the

Select the correct response:

a. all of the above

b. increase in nominal income

c. growth of productivity

d. increase in output

e. none of the above

Question 20

The World Bank and other international organizations tend to classify the development levels of the countries on the basis of

Select the correct response:

a. poverty rate

b. Gross National Income

c. income level per person

d. equality and standard of living

e. standard of living

f. Human Development Index

g. literacy rate

Question 22

Which of the following could not be considered a major economic system?

Select the correct response:

a. command

b. communism

c. laissez faire

d. capitalism

e. none of the above

Question 25

Capital Stock of a country's capital stock refers to the

Select the correct response:

a. inflow of investment from abroad

b. difference between GDP and capital consumption

c. sum of previous gross investment minus depreciation

d. none of the above

e. approximated investment minus actual investment

f. all of the above