S2 T2 Econ Quiz 1
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| 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.
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| 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
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| 3. What is per capita GDP? (2 marks) | total gdp/population in the same year.
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| 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’.
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| 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.
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| 6. What is industrial structure? (2 marks) | statistical classification of various economic activities.
three major industries: primary, secondary and tertiary industry.
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| 7. What is primary industry? Give two examples. (2 marks) | production sectors that obtain resources directly from nature,
such as forestry, fishing
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| 8. What is secondary industry? Give two examples. (2 marks) | sectors that reprocess primary products,
such as industry, supply of gas
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| 9. What is tertiary industry? Give two examples. (3 marks) | sectors that provide various services for production and
consumption, such as retail, finance
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| 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.
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