Questions: Defining Economic Development

5 questions to test your understanding

Score: 0 / 5
Question 1 Multiple Choice

Equatorial Guinea experienced a massive surge in GDP per capita after offshore oil was discovered in the 1990s, yet most citizens saw little improvement in living standards, health, or education. Which concept best explains this divergence?

AThe Kuznets curve — inequality always rises before it falls during industrialization
BGrowth without development — GDP increased but welfare gains were captured by a small elite, leaving broad human capability unchanged
CThe resource curse — oil-producing nations always experience negative growth as a result of Dutch disease
DMeasurement error — official GDP statistics overstated the actual level of output
Question 2 Multiple Choice

Country A has GDP per capita of $50,000 but ranks poorly on political freedom, gender equality, and access to healthcare for rural populations. Country B has GDP per capita of $8,000 but ranks near the top on health outcomes and literacy. Which is more 'developed' in the sense used by development economists?

ACountry A — GDP per capita is the definitive measure of development and Country A's is far higher
BThe question is unanswerable — development is purely subjective and cannot be compared across countries
CIt depends on which dimensions you weight — development is multidimensional, and neither country dominates on all measures
DCountry B — health and literacy matter more than income in development economics
Question 3 True / False

According to Amartya Sen's capabilities approach, income is instrumental to economic development but is not the same thing as development itself.

TTrue
FFalse
Question 4 True / False

A country with high GDP per capita is, by definition, economically developed — other indicators like health and education are secondary concerns that improve automatically as income rises.

TTrue
FFalse
Question 5 Short Answer

Why did development economists create composite indices like the Human Development Index instead of simply using GDP per capita to track progress across countries?

Think about your answer, then reveal below.