Economic Development

True or False. Economic Development refers to how advanced an economy is.

• True

• False

True or False. Economic Development refers to how advanced an economy is.

• True

• False

Human Development Index is...

• the average number of years a person is expected to live.

• a tool for ranking countries based on their level of economic development.

• how much humans develop over time.

Countries with advanced economies (blue) are known as _____________, while countries with lower standards of living (red) are known as _____________.

• less developed nations;more developed nations

• more developed nations;less developed nations

• life expectancy rate;infant mortality rate

Countries that are moving from less to more developed economies are known as...

• A. newly industrialized

• B. emerging economies

• C. Both

Gross Domestic Product is...

• the total value of all goods and services produced by a nation in a year.

• the value of goods and services produced in a year in a nation by a person.

• a product that is domestically gross.

What kind of graph is this of?

• Population Density

• Life Expectancy

• Infant Mortality Rate

• Different shades of blue and white

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

• More Developed

• Newly Industrialized

• Less Developed

Countries where many people work in research and development are in this level of economic development.

• More Developed

• Newly Industrialized

• Less Developed

Country where there are factories that make products mainly for export are in which level of economic development.

• More Developed

• Newly Industrialized

• Less Developed