National Wealth Review

What is the monetary value of all finished goods and services made within a country during a time period?

• GDP per capita

• GDP

• standard of living

• gross income

What do you divide GDP by to get GDP per capita?

• inflation

• income

• population

• literacy rate

what is the age a person can assume they will live based on the statistical average for an area?

• standard of living

• average age

• life span

• life expectancy

What is literacy rate?

• population over 15 who can read and write

• population over 15 enrolled in school

• population of everyone who can read and write

• population of everyone who graduated high school

What is a condition in which a person lacks resources and essentials for a minimum standard of living?

• developing

• illiterate

• poverty

• spatial inequality

What is the purchase and use of goods and services by the public?

• public distribution

• consumption

• economics

• shopping

What is an unequal distribution of resources and services across different areas known as?

• poverty

• inflation

• racism

• spatial inequality

GDP, Life expectancy, Literacy Rate, and what other factor help us understand a country's level of development?

• standard of living

• GDP per capita

• poverty levels

• consumption

Simplest form of economy; includes farming, mining and fishing

• primary sector

• tertiary sector

• secondary sector

Information sector; supports production & distribution of goods

• tertiary sector

• primary sector

• secondary sector