Developed and Developing Countries

What is gross domestic product?

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

• the total value of goods and services produced in a country in a country's history

• the total amount of goods and services needed for a country to survive economically in a year

• the total amount of goods and services thrown away in a country in a year

A country’s level of development depends on its ____________. Which is calculated by dividing a country’s total GDP by its population.

• dow jones stock exchange

• productivity margin

• gross domestic product

• per capita GDP

Which is not a characteristic of a developed country?

• Most people live in urban areas and work in factories or offices.

• Their governments provide them with many benefits, like schools, fire protection, and safe drinking water.

• Most people are more likely to live in rural areas and work on farms.

• Most workers earn good wages and can afford to consume a lot of goods and services.

A developed country

• is a sovereign state that has a high quality of life.

• has a developed economy

• has advanced technological infrastructure

• All of the abover

A developed country has ALL of the following EXCEPT

• High Literacy Rates

• High GDP

• Access to Healthcare

• Low life expectancy

A DEVELOPING country has ALL of the following EXCEPT

• Lower life expectancy

• Low GDP

• Industrialization

• Lack of Infastructure

Infastructure includes all of the following EXCEPT

• Roads

• Schools

• Courts

• Homes

Literacy refers to being able to read AND write

• True

• False