Economics and Literacy Terms

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Impoverished

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poor

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Literacy

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ability to read and write

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Literacy Rate

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The percentage of people who are over the age of 15 and have the ability to read and write.

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Standard of Living

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A measure of the material aspects of an economy (includes the level of wealth and the material comfort available to people.

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Relationship

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how two or more things are connected

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Human Capital

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the knowledge and skills of the people in a workforce within a country

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Investment

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the spent money or a resource for the benefit in the future

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Gross Domestic Product (GDP)

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a calculation of what a nation is worth.

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GDP per capita

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the measurement of the annual income of citizens in a country.

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Sector

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a section, or part, of a whole