Identify three ways to measure quality of life from an economic perspective.
Unemployment rate, inflation, median income, GDP, GDP / capita
Oops!
Check
Okay!
Check
10
Identify the four pillar industries in Hong Kong.
Financial services, Trading & logistics, Tourism, Professional (and producer) services
Oops!
Check
Okay!
Check
25
HK's minimum wage is currently at HK$37.50. Explain whether this is sufficient to live decently in HK based on your research of expenses in HK.
Assuming we work 9 hours / day (22 days a week), this person makes just HK$7,500. It might prove insufficient based on some of our cost assumptions.
Oops!
Check
Okay!
Check
10
Provide TWO examples of sub-industries under "professional services"
Lawyers, Accountants, Engineers
Oops!
Check
Okay!
Check
thief
Give points!
5
10
15
20
25
star
Double points!
Okay!
gift
Win 20 points!
Okay!
banana
Go to last place!
Oops!
20
Explain the difference in HK's rankings on two different quality of life indices.
HDI: focuses on health, education, and income (HK does well), but Mercer's Quality of Life index includes measure like housing.
Oops!
Check
Okay!
Check
15
Explain why HK is known to be an âexternally oriented economyâ
our economy relies on global trade and working with people and companies from around the world
Oops!
Check
Okay!
Check
10
HK's unemployment rate is currently at... (round to the nearest whole number)
7%
Oops!
Check
Okay!
Check
10
Define quality of life.
Individualsâ level of satisfaction in relation to the different aspects of their lives
Oops!
Check
Okay!
Check
15
What are TWO indices that measure quality of life?
Human Development Index (HDI), CUHK's Quality of Life Index, Mercerâs Quality of Living Survey
Oops!
Check
Okay!
Check
trap
No points!
Oops!
gift
Win 5 points!
Okay!
shark
Other team loses 20 points!
Okay!
banana
Go to last place!
Oops!
15
HK's median income per month is...
HK$18,000
Oops!
Check
Okay!
Check
20
Trading & logistics remains the most important pillar of HK's economy. Suggest ONE argument supporting and ONE argument opposing this statement.
Trading & logistics = still largest component of GDP; but HK less important as container ports services have steadily declined.
Oops!
Check
Okay!
Check
seesaw
Swap points!
Oops!
gold
Win 50 points!
Okay!
fairy
Take points!
5
10
15
20
25
baam
Lose 25 points!
Oops!
25
The government will distribute HK$5000 in digital vouchers (i.e. via Octopus, Alipay, Payme) to boost our local economy. To what extent do you think it'll be effective in improving HK's economy?
Effective: vouchers so cannot save money and need to spend, Ineffective: one-off impact only, elderly might struggle to use it
