Changing Economic World

Question 1

GNI

Answer 1

• gross national income

* one problem with it is that it is based on the fact that money is given fairly

Question 2

Money and wealth

Answer 2

• 45,000 millionaires in Mumbai India.
• tertiary sector is important in high income countries
• wealth indicators only give small image of a country rather than a big image.

Question 3

Level of development

Answer 3

• birth rate - death rate - population growth
• stage 1
• stage 2
• stage 3 - newly emerging economy
• stage 4 - low death rate and birth rate
• stage 5 - birth rate falls below death rate

• women are higher educated on stage 4 countries

Question 4

Wealth divide

Answer 4

• north and south
• north is rich economically wealthy manufacturing countries
• South is poorer countries