Which number does the World Bank use to determine the status and classification of each nation?Question 27Select one:a.Gross National Incomeb.Gross Domestic Productc.Purchasing Power Parityd.Organization for Economic and Cooperative Development data

Which criterion is chosen by World Bank to rank World’s economies?Select one:a.Nominal GDPb.Real GDPc.NNPd.None of these

Question 10Where would the World Bank place a country with a domestic production per person of $9,000?1 pointLow incomeHigh incomeMiddle income

GROSS NATIONAL INCOME PER CAPITAAND HUMAN DEVELOPMENT INDEXFOR SELECTED COUNTRIESCountry Gross National Income per Capita Human Development IndexNorway 63,980 0.94Australia 47,160 0.93Canada 46,070 0.91South Korea 38,340 0.90Argentina 20,270 0.83Brazil 15,160 0.76South Africa 13,090 0.69India 7,060 0.64Kenya 3,250 0.59Source: World Bank, United Nations Development Programme, 2017Based on the data in the table, which of the following statements explains a limitation of using gross national income per capita compared to the Human Development Index as a measure of development?ResponsesUsing gross national income per capita in a composite measure of development does not allow for cross-national comparisons of purchasing power, a key indicator of development.Using gross national income per capita in a composite measure of development does not allow for cross-national comparisons of purchasing power, a key indicator of development.Using gross national income per capita as a measure of development puts too much importance on economic production as the sole measure of development.Using gross national income per capita as a measure of development puts too much importance on economic production as the sole measure of development.The importance of gross national income per capita as a measure of development is reduced because it factors in life expectancy and education with the value of economic production.The importance of gross national income per capita as a measure of development is reduced because it factors in life expectancy and education with the value of economic production.Gross national income per capita does not factor in population and therefore reduces the overall accuracy as a measure of development.Gross national income per capita does not factor in population and therefore reduces the overall accuracy as a measure of development.The differences in gross national income per capita as a measure of development are less exaggerated between more developed countries than between less developed countries.

2.What does the term "GDP" stand for in the context of International Development? (1 Point) A) Global Development ProgressB) Gross Domestic ProductC) Growth and Development ProgramD) General Development Policy3. What is the main goal of international development? (1 Point) A. Profit maximizationB. Poverty reductionC. Cultural isolationD. Military expansion4.Which organization provides financial assistance to developing countries for infrastructure projects and poverty reduction programs? (1 Point)A. World Trade Organization (WTO)B. International Monetary Fund (IMF)C. World BankD. United Nations Educational, Scientific and Cultural Organization (UNESCO)5.What is the primary focus of sustainable development? (1 Point)A. Rapid economic growthB. Long-term environmental and social balanceC. Political dominanceD. Technological superiority6.Which organization is responsible for promoting international monetary cooperation and exchange rate stability? (1 Point)A) United Nations (UN)B) International Monetary Fund (IMF)C) World Health Organization (WHO)D) World Trade Organization (WTO)7.Which United Nations initiative focuses on promoting global peace and cooperation through international dialogue and cooperation? (1 Point)A. United Nations Children's Fund (UNICEF)B. United Nations Development Programme (UNDP)C. United Nations Educational, Scientific and Cultural Organization (UNESCO)D. United Nations (UN) General Assembly8.What does the term "ODA" refer to in the context of international assistance? (1 Point)A) Overseas Development AidB) Offshore Development AreaC) Operational Development AssessmentD) Organizational Development Agenda9.What does the process of development involve?(1 Point)Economic developmentSocial developmentPolitical developmentAll of the above10.The UNs Sustainable Development Goals came into action in the year__________?(1 Point)201620202015201011.The HDI unlike the GDP measures a more holistic development of a country. What is its full form(1 Point)Holistic development IndexHuman Development IndexHuman Development IndicatorHolistic Development Indicator

(a) A hypothetical national income data for a country in particular year is presented below:ITEM $MILLIONWages and salaries 250Income paid abroad 75Income from self-employment 120Stock appreciation 5Interest 10Income received from abroad 50Rent 25Depreciation allowance 3Royalties 2Profits and dividends 35From the data, answer the following questions.Calculate the: Gross Domestic Product (GDP)