7A I Differences in Development

Question 1

Human Development Index (HDI)

Answer 1

An indicator created by the UN to measure a country’s development based on income, education, and life-expectancy

Question 2

Gross National Income (GNI)

Answer 2

The value of the outputs of goods and services produced in a country in a year, INCLUDING money that enters or leaves the country

Question 3

Purchasing Power Parity (PPP)

Answer 3

An adjustment to the GNI to account for the differences among countries in the cost of goods

Question 4

Gross Domestic Product (GDP)

Answer 4

The value of the outputs of goods and services produced in a country in a year, NOT INCLUDING money that enters or leaves the country

Question 5

Value Added

Answer 5

Gross value of a product minus the cost of raw materials and energy

Question 6

Pupil/Teacher Ratio

Answer 6

of students divided by the # of teachers

Question 7

Literacy Rate

Answer 7

% of a country’s people who can read and write