ECN4 Term 6 Recall test

Based on your studies in Term 6 and over the Summer Holidays answer the following:

1.       What is different about absolute and relative Poverty ?                                                                 (4marks)

2.       Draw a Lorenz Curve with examples                                                                                        (2m)

3.        State the Gini coefficient formula                                                                                            (2 m)

4.       List 4 Causes of Poverty and Inequality                                                                                  (4m)

5.       List 4 Consequences of Poverty and Inequality                                                                   (4m)

6.       What is the difference between Growth and Development                                         (2m)

7.       What is the Harrod-Domar Growth Model?                                                                         (4m)

8.       What is the Solow Growth model?                                                                                           (4m)

9.       What are Rostow’s Stages of Growth                                                                                     (4m)

10.   What is the Lewis 2 — sector model?                                                                                      (4m)

11.   What is the dependency theory of Growth and Development?                                 (4m)

12.   What is Debt relief?                                                                                                                        (2m)

13.   What is Micro-finance?                                                                                                                                 (2m)

14.   What is a Fair Trade Scheme?                                                                                                     (2m)

15.   What is the IMF and what does it do?                                                                                     (2m)

16.   What are the World Bank’s Structural Adjustment Programmes?                              (2m)

17 How does Jubilee 2000 as a nongovernment organization  promote growth and development e.g. Jubilee 2000                                                                                                 (2m)

Total Marks                                                                                                                                        /50m