Developement Flashcards
What are the three aspects of development?
Economic, social, environmental.
What does GDP stand for?
Gross domestic products. 
What is GDP
The total value of goods and services produced in a country per year. countries with a higher GDP are considered to be more developed. 
What is GDP per capita?
The GDP of a country divided by the total population of a country. 
Why is the value is given in US dollars?
The values are given in US dollars so that is easier to compare different countries.
What are the factors into the social indicator?
Life, expectancy, infant mortality, rates, and literacy rate. Life expectancy is the average lifespan of a person. Infant mortality rate is the number of babies who die before they are one years old pair 1000 live births per year. Literacy rate is the percentage of people over 15 who can read and write.
What are the environmental indicators?
Measure the impact people have a natural resources
What does HDI mean?
Human development index
What are the three indicators of HDI?
GDP, per capita, life, expectancy, literacy rate.
What is MED?
More economically developed countries generally higher income and higher quality of life.
What LEDC?
Less economically developed countries poorer with lower quality of life. 
What line separates the more economically developed countries in the northern hemisphere from the less economically developed countries in the southern hemisphere?
The Brandt line
What is colonialism?
European countries took over control of other countries to benefit from trade. 
What is colonization?
European countries took over land and resources of other countries for the only use.
What is international trade?
International trade is the exchange of goods and services between countries.
