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waring_questions.docx

· National Income Accounting does not have a debit side.

· True

· False

· As long as the activity passes through the market it is good for growth.

· True

· False

· GDP is utterly unrelated to the well-being of the community.

· True

· False

· Economics does not have any relationship to the lives of people.

· True

· False

· The International Labour Organization specifies that under _______________ year olds do not work.

· 18

· 16

· 14

· 10

· Under the current economic system, women are seen to be at _______________ because much of the work they do is unpaid.

· Leisure

· Work

· Neither of the Above

· Both of the Above

· Who adds to the growth of the GDP “unoccupied” Cathy the mother or “economically active” Ben the soldier?

· Cathy

· Ben

· The UN System of National Accounts governs all our lives.

· True

· False

· The UN System of National Accounts came from a pamphlet by John Maynard Keynes and Richard Stone entitled “British National Income and How to Pay for the _______________.”

· Economy

· War

· Neither of the Above

· Both of the Above

· If there is not money exchange involved in the activity it does not get measured into the economic system.

· True

· False

· International trade in _______________ is the biggest growth trade industry.

· Food

· Water

· Sunscreen

· Arms

· The _______________ permanent members of the UN Security Council are also the _______________ leading arms exporters in the world.

· 2, 2

· 4, 10

· 5, 5

· 20, 30

· Every minute _______________ children die from want of food and inexpensive vaccines.

· 10

· 20

· 30

· 40

· Every minute $ 1.3 million of public treasuries around the world goes to military expenditures.

· True

· False

· There are _______________ soldiers for every 100,000 and only _______________ doctors.

· 556, 85

· 11, 20

· 1000, 1

· 92, 8000

· The average amount spent on each soldier in a country is $22,000 while only $380 is spent to educate each child.

· True

· False

· The amount of money spent on armaments in just two weeks could provide safe drinking _______________ for the entire planet.

· Food

· Water

· Sunscreen

· Arms

· Female sexual slavery is a major growth industry world wide.

· True

· False

· Sexually exploited children are counted as productive and contribute to growth even if it is _______________.

· Horrible

· Dishonest

· Illegal

· Corrupt

· Over 1 billion people in the world are malnourished.

· True

· False