Indicators of Growth (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which indicators help businesses identify promising markets and locate skilled workforces?
Which indicators help businesses identify promising markets and locate skilled workforces?
GDP per capita, literacy, health, HDI
What does GDP per capita measure?
What does GDP per capita measure?
Total output divided by population
China's GDP growth fell from 7.7% (2013) to 7.4% (2014). What matters most to investors?
China's GDP growth fell from 7.7% (2013) to 7.4% (2014). What matters most to investors?
The declining trend despite high growth
Why is real GDP more useful than nominal GDP for business decisions?
Why is real GDP more useful than nominal GDP for business decisions?
It adjusts for inflation to show true output
What does Purchasing Power Parity (PPP) measure for different countries?
What does Purchasing Power Parity (PPP) measure for different countries?
Cost to buy same basket of goods/services
Literacy rate measures the percentage of which group who can read and write?
Literacy rate measures the percentage of which group who can read and write?
Adults over 15 years old
Why do businesses analyse literacy rates when considering international expansion?
Why do businesses analyse literacy rates when considering international expansion?
Workers can follow instructions & use tech
Why are health statistics important for businesses assessing potential markets?
Why are health statistics important for businesses assessing potential markets?
Healthy workers are more productive
Which three components make up the Human Development Index (HDI)?
Which three components make up the Human Development Index (HDI)?
Life expectancy, education, income
How would a company selling elderly products use HDI data to identify target markets?
How would a company selling elderly products use HDI data to identify target markets?
Check high life expectancy & high GNI