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S2 T2 Econ Quiz 1

QuestionAnswer
1. State the three indicators to evaluate the economic development of a country. (3 marks) Gross Domestic Product (GDP), per capita GDP and the economic structure.
2. What is Gross Domestic Product? (3 marks) total market value of goods and services produced by economic activities within its territory in a given period
3. What is per capita GDP? (2 marks) total gdp/population in the same year.
4. What is the Reform and Opening-up policy? (3 marks) national policy implemented by the Mainland since the end of 1978. aims at ‘carrying out internal reforms and opening up to the outside world’.
5. According to the World Bank, how can a country be recognized as a developed country in terms of per capita GDP? (1 mark) when the per capita GDP exceeds US$10 000.
6. What is industrial structure? (2 marks) statistical classification of various economic activities. three major industries: primary, secondary and tertiary industry.
7. What is primary industry? Give two examples. (2 marks) production sectors that obtain resources directly from nature, such as forestry, fishing
8. What is secondary industry? Give two examples. (2 marks) sectors that reprocess primary products, such as industry, supply of gas
9. What is tertiary industry? Give two examples. (3 marks) sectors that provide various services for production and consumption, such as retail, finance
10. What are the achievements of the Reform and Opening-up policy of China? (4 marks) relieved the population pressure of the rural areas, while promoting the diversified industrial development of China. led to the growth of GDP and the diversification of industrial development.
Created by: lorcnw
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