S2 T2 Econ Quiz 1 Word Scramble
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| Question | Answer |
| 1. State the three indicators to evaluate the economic development of a country. (3 marks) | Gross Domestic Product (GDP), per capita GDP and the economic structure. |
| 2. What is Gross Domestic Product? (3 marks) | total market value of goods and services produced by economic activities within its territory in a given period |
| 3. What is per capita GDP? (2 marks) | total gdp/population in the same year. |
| 4. What is the Reform and Opening-up policy? (3 marks) | national policy implemented by the Mainland since the end of 1978. aims at ‘carrying out internal reforms and opening up to the outside world’. |
| 5. According to the World Bank, how can a country be recognized as a developed country in terms of per capita GDP? (1 mark) | when the per capita GDP exceeds US$10 000. |
| 6. What is industrial structure? (2 marks) | statistical classification of various economic activities. three major industries: primary, secondary and tertiary industry. |
| 7. What is primary industry? Give two examples. (2 marks) | production sectors that obtain resources directly from nature, such as forestry, fishing |
| 8. What is secondary industry? Give two examples. (2 marks) | sectors that reprocess primary products, such as industry, supply of gas |
| 9. What is tertiary industry? Give two examples. (3 marks) | sectors that provide various services for production and consumption, such as retail, finance |
| 10. What are the achievements of the Reform and Opening-up policy of China? (4 marks) | relieved the population pressure of the rural areas, while promoting the diversified industrial development of China. led to the growth of GDP and the diversification of industrial development. |
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