4.1.1 Growing Economies

Question 1

define an emerging economy

Answer 1

an economy in the process of rapid growth and industrialisation
- Brazil
- India
- China
- Mexico
- Turkey

Question 2

what are the 4 indicators of growth

Answer 2

GDP per capita
Literacy rate
Health rate
HDI

Question 3

explain GDP per capita

Answer 3

GDP per capita - calculates the average economic output per person in a country

Question 4

explain literacy rate

Answer 4

Literacy rate - indicator of level of development in a society or economy

Question 5

explain health rate

Answer 5

Health rate - life expectancy, infant mortality rate and % of doctors

Question 6

explain HDI

Answer 6

HDI - measure economic development
- 0 - limited or no economic development
- 1 - highest level of economic development