Tag Archives: economy

Image: E G Pors

Exporting As China Does

Ever since 2009, China has been the world’s largest exporter. Its total exports are equal to just under 20% of its economy. We wonder: Which of the following major economies is closest to China’s level on a percentage basis?

A. Japan
B. United States
C. India
D. World economy
E. Germany
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Egypt’s Steep Challenges

Egypt’s government hopes a round of painful economic restructuring will enable growth sufficient to shake off economic stagnation. But the problems may well be too severe to overcome with brief shock therapy. We wonder: Which of the following statements about Egypt’s economy are true?

A. About 30% of the population lives in extreme poverty
B. Budget spending on food and fuel subsidies is 30%
C. Inflation is 33%
D. Youth unemployment is 30%
E. All of the above
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Inflation: Ready for a Comeback?

Inflation has all but disappeared from the policy agenda of developed countries. But that is not the case for other countries around the world that are in the news. We wonder: Which of the following countries is expected to have the highest rate of inflation in 2016?

A. Venezuela
B. Ukraine
C. Zimbabwe
D. South Sudan

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Home Sweet Home

In many countries around the world, owning a home is a cherished dream and life goal. In some places, it is easier to realize than in others. Which major economy has the highest homeownership rate?

A. Germany
B. United States
C. Italy
D. China

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Korea’s Ongoing Divide

On June 25, 1950, North and South Korea went to war with each other. This ended in stalemate three years and one month later with an armistice that continues to present. Since then, the two countries have pursued very different paths. We wonder: How big is South Korea’s economy compared to that of its northern rival?

A. Half as large
B. Two times larger
C. Four times larger
D. Over 40 times larger

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China’s Economy: Bigger than the USA? Really? Already? Soon?

China has long been the world’s largest nation in terms of population. But only since undertaking radical economic reforms in the late 1970s did the country’s economy begin to prosper again. We wonder: When will China overtake the United States as the world’s largest economy?

A. It already has.
B. It will by 2028.
C. It will by 2050.
D. Probably not in this century.

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Taking Stock of the World’s Billionaires

One of the surprising bestsellers in 2014 was a dense academic tome by the French economist Thomas Piketty. In “Capital in the Twenty-First Century,” Piketty focused on the age-old question of why the rich seem to get richer. We wonder: Which of the following statements about the world’s billionaires is true?

A. Billionaires make up 0.00003% of the world’s population.
B. The number of billionaires has increased by 70% since 2009.
C. Billionaires’ total wealth is $7.3 trillion.
D. Only 286 of the world’s billionaires are women.

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China: Catching Up to Its Past

China’s extraordinary economic growth over the past three decades has lifted hundreds of millions of people out of poverty. Now, China is engaged in an effort to catch up with the industrialized world. We wonder: How does China’s per capita income compare globally?

A. Quarter of world average
B. Half the world average
C. Same as the world average
D. Four times the world average

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A New World Emerges

The world that we are all so familiar with is rapidly changing before our eyes. It’s no longer the case that the richest countries have the largest economies. To see how much the world is changing, ask yourself which of the following statements is true:

A. Indonesia’s economy is larger than the UK’s?
B. Brazil’s economy is larger than France’s?
C. India’s economy is larger than Japan’s?
D. Russia’s economy is larger than Germany’s?

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