Developed emerging and developed

Question 1

What is GDP per capita?

Answer 1

GDP per person, GDP divided by population. It gives a rough Idea of how wealthy a country is but if used alone can be inaccurate as inequality can be high in some countries.

Question 2

What is HDI?

Answer 2

HDI ranks countries in relation to several aspects of development such as Income (GDP per capita), Life expectancy (health) and education (The average years of schooling).

Question 3

What are some characteristics of developed economies?

Answer 3

• High levels of income
• Advanced technology and infrastructure
• HDI index of 0.8 or higher
• Industrialised some time ago

Question 4

What are some characteristics of developing economies?

Answer 4

• In early stages of industrialisation
• Low incomes
• Low standards of living
• Rely mainly on agriculture

Question 5

What are some characteristics of emerging economies?

Answer 5

Some areas of high income and growth but also areas of poverty and deprivation
- Most of these countries are growing rapidly.

Question 6

How do you work out mean income?

Answer 6

Total income (GDP) / Total population

Question 7

How do you calculate the median?

Answer 7

Middle value after putting them in order