Developed and Developing Nations

What is GDP?

• the level of goods, services, and material comforts of people in a country (objective)

• the degree to which an individual is healthy, comfortable, and able to participate in or enjoy life events (subjective)

• the total value of all goods and services produced in a country in a given year

• low population growth rate and high literacy rate

Which of the following is NOT something we use to measure economic development?

• standard of living

• infant mortality rate

• literacy rate

• diversity of ethnicities

A country with a high infant mortality rate is likely _____.

• Developing

• Developed

A country with a high percentage of tertiary and quaternary economic activities is likely _____.

• Developed

• Developing

A country with a high percentage of primary and secondary economic activities is likely _____.

• Developed

• Developing

A country with a high level of economic development is likely _____.

• Developed

• Developing

A country with a low level of economic development is likely _______ .

• Developed

• Developing

A country with a high number of people living in urban areas is likely _____.

• Developed

• Developing

A country with a high level of people living in a rural area is likely ____.

• Developed

• Developing

A country with a high GDP per capita is likely _____.

• Developed

• Developing