Development: Economic Indicators

What is the total value of officially recorded goods and services produced by a countries citizens and corporations with in its borders?

• Gross National Product

• Gross Domestic Product

• Gross National Income

• Gross Economic Activity

Which is the most accurate measure of a country's wealth?

• GDP

• GNP

• GNI

• GER

What is the difference between the secondary and tertiary sector of the economy?

Draw the type of economic activity in the Primary Sector of the Economy.

Which of the following would most likely be part of the informal economy?

• A food service worker.

• A local farm stand (where you buy tomatoes and honey, etc.)

• A professor at Penn State.

• A large landscaping company.

The Gini Coefficient measures income inequality in places. The number closer to _________ means there is less inequality and more equality.

True or False: More Developed Countries consume more energy.

• True

• False

• Not True.

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