Economies Review

_________ is the amount of people in a country who can read and write

• Standard of Living

• Gross Domestic Product

• Literacy Rate

• GDP per Capital

What is standard of living?

• is a measure of the minimum amount of money thought to be adequate for life

• A measure of how well off the people are in a country

• A lack of money and basic necessities needed for life

What is a life expectancy?

• is the average number of years a person can expect to live at any given age

• is the average of how much everyone in the country makes

• is the lack of both money and the basic necessities needed for life, including: food, water, shelter, healthcare

• the amount of babies that die before their first birthday per year

If a country has a high literacy rate, then it will usually have a high standard of living.

• True

• False

Literacy rate is the percentage of a country's population over the ______ that can read and write.

• age of 12

• age of 18

• age of 16

• age of 15

A developing or third world country has a high or low standard of living?

• Low standard of living

• High standard of living

Wealth, healthcare, access to technology, and literacy rate help make up ______?

• GDP

• GDP per Capita

• Standard of Living

The goal of a country is to have ____ percent literacy rate.

• 75

• 50

• 95

• 100

What is literacy?

• the ability to read and write
• the ability to read
• the ability to hear
• the ability to write

Countries with high literacy rates are generally wealthier.

• True
• False