Unit 10 Multiple Choice Test

Despite having one of the largest economies in the world (based on nominal GDP) what problem faces Japan that could affect its economic growth?

PER CAPITA GDP: India: $2,563 China: $5,325 Japan: $34,296 Based on the relationship between literacy rates and per capita GDP, which nation has the LOWEST literacy rate among its citizens?

China spends 1.9% of its GDP per year on education and Japan spends 3.5% of its GDP on education. Which statement is the most logical conclusion about the effects of such spending?

Which statistic would BEST explain China's ability to improve its economy so much for such a long period of time?

Japan's GDP per capita is extremely high but their GDP growth rate shows their economy is shrinking. Why might this be the case?

A problem that faces Japan's modern economy is

India ranks in the bottom 25% in the world for Gross Domestic Product per capita. Which of these statistics BEST describes why this might be the case?

Which of these BEST describes the development of technology in India?

Why would the information on this chart be questioned for accuracy?

Countries around the world specialize production, and trade with other countries based upon

Why is a system of currency exchange necessary for international trade?

How does specialization allow for a higher standard of living?

A tariff is a form of taxation on foreign products, while a quota is a ______ on imports from foreign countries.

In the global economy, Japan is a major participant because their location

South Korea is a developed country. Which of these is a characteristic of a developed country?

Though it has an extremely low per capita GDP of $1900, it spends the majority of its budget on military and defense. What nation is described by these statements?

Because of its physical geography there is little land available for farming, so it is highly industrialized and imports most food products. What nation is described by these statements?

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