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ABM 2205 Quiz
ABM 2205 Quiz
MIDSEMESTER QUIZ
4. True/False: Gross National Income (GNI) per capita is a commonly used indicator to
measure economic development.
7. True/False: Jean Say Baptist emphasized the role of savings and investment in promoting
economic development.
9. True/False: The concept of "brain drain" refers to the emigration of skilled and educated
individuals from developing countries to developed countries.
10. True/False: Microfinance initiatives typically target wealthy individuals and large
corporations in developing countries.
11. True/False: The Sustainable Development Goals (MDGs) were established by the United
Nations to address global poverty and improve living standards.
12. True/False: The per capita income is the mean income that citizens receive after total
national income is shared with the government
13. True/False: The concept of "informal economy" refers to economic activities that are not
regulated or taxed by the government.
14. To assess the economic performance of Ugandan nationals we use Gross Domestic Product
(GDP) as opposed to Gross National Product (GNP)
3. The three (3) core values of development according to Denis Goulet are Life Subsistence, Self
Esteem and Freedom of Choice
3. True/False: The concept of "social capital" refers to the stock of social connections and
networks that individuals can use to achieve common goals.
4. True/False: The concept of "cultural imperialism" suggests that Western cultural values
dominate and undermine local cultures in the process of globalization.
6. Gross National Product (GNP) and Gross Domestic Product (GDP) are used interchangeably to
mean the same.
7. GDP, GNP and Human Development Index (HDI) are all economic measures that measure the
wellbeing of people in a country.
List the five (5) stages of development according to W.W. Rostow. (5 marks)
12. Mention any four (4) criticisms of modernization theory (4marks)
13. What is the difference between chronic poverty and acute poverty? (2 marks)
14. What is food security? Mention the four (4) levels of food security. (5 marks)