7.3 AP Human Geography

Question 1

What is GNP (Gross National Product)?

Answer 1

Dollar amount of all goods and services produced by (citizens) of that country in a year. (counts, even if service or good is produce in another country.)

Question 2

What is GDP (Gross Domestic Product)

Answer 2

The dollar amount of all final goods and services produced within a country in one year. (Not Citizen-based location based). (Can be foreign owned; outside of the U.S.) For example, some of Honda car plans are owned in Japan.

Question 3

What is GINI Coefficient?

Answer 3

The values range between zero and one, the higher the number, the higher the degree of income inequality, (even everyone’s income.)

Question 4

Fun fact

Answer 4

LDC’s tend to have a higher GINI Coefficient.