4.1.1 Growing Economies Flashcards
1
Q
What is Economic Growth
A
An increase in a country’s productive capacity.
2
Q
What are Emerging economies?
A
The economies of developing countries where there is rapid growth, but also significant risk.
3
Q
What is the Human Development Index (HDI)?
A
A collection of statistics that are combined into an index, ranking countries according to their human development.
4
Q
What is a Literacy rate?
A
The percentage of adults (over 15) that can read and write.
5
Q
What is Purchasing Power Parity (PPP)?
A
A measure of real growth that uses the price of purchasing a standardised basket of goods and services in order to compare prices across economies.
