Development and Health Flashcards
Gross Domestic Product (GDP)
the total value of goods and services produced within a country’s borders in a year
Gross National Product (GNP)
the total value of goods and services produced by a country in one year, including profits made in foreign countries
per capita
For each person. If you state an amount per capita, you mean that amount for each person.
GDP per capita
the total value of all the goods and services produced within a country’s borders in a particular year, divided by the number of people living there
GNP per capita
the total value of goods and services produced by a country in one year, including profits made in foreign countries, divided by the number of people living there
Low Income Country (LIC)
country with a GNP per capita of $1,025 or less
Middle Income Country (MIC)
One of the countries of the world that is neither very rich nor very poor. There are Lower Middle Income Countries and Upper Middle Income Countries. Lower Middle Income economies are those with a GNP per capita between $1,036 and $4,045; upper middle-income economies are those with a GNP per capita between $4,046 and $12,535.
High Income Country (HIC)
country with a GNP per capita of $12,536 or more
development indicators
A method used to measure how developed a country or region is compared with others.
Human Development Index (HDI)
a measurement (developed by the United Nations) of the development of a country that is based on the health, education, and standard of living of the people who live there
literacy rate
the percentage of people who are able to read and write
life expectancy
the length of time that a living thing, especially a human being, is likely to live
primary industry
The part of the economy that produces or extracts raw materials; examples include agriculture, fishing, mining, and forestry.
secondary industry
an industry that makes goods, rather than producing raw materials
tertiary industry
an industry that provides services rather than producing goods
quarternary industry
The sector of industry that describes the knowledge-based part of the economy and involves research, development, and information technology and media.
consumption rate
the number of resources (goods or services) used up during a certain amount of time
production rate
the number of goods or services that can be produced during a given period of time
unemployment rate
the number or percentage of people in a country or area who do not have jobs
state benefits
money given by the government to people who are poor or ill, or who do not have a job
disparity
a lack of equality or similarity, especially in a way that is not fair
equality
the right of different groups of people to receive the same treatment
equity
promoting fairness through treating people differently dependent on need
