Economic Development

Front

Sending goods to another country to sell.

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export

Front

Bringing goods in from another country to sell.

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import

Front

Which of the following has helped create a global economy in the present day?
Options:
The use of high taxes for imports and exports,
Improvements in technology have made trade easier,
The creation of one form of currency (money) used to trade,
The success of the Communist governments in guiding trade

Back

Improvements in technology have made trade easier

Front

Human Development Index is...

Back

a composite measure that includes both economic and social factors.

Front

GDP per capita is highest in

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North America

Front

Which level of development is a country where most people work at the subsistence level?

Back

Less Developed

Front

the total dollar value of all goods and services produced by a country in 1 year; you can think of it as the size of the economy.

Back

GDP (Gross Domestic Product)

Front

Improving the economic situation → better lives for people

Back

Economic Development

Front

The Total monetary value of all goods and services produced in a country.

Back

GDP

Front

Less Developed Countries will have a higher amounts of...

Back

Farming / Agriculture