Economic development Flashcards
Gross domestic product (GDP)
The total value of goods and services a country produces in a year.
Measures wealth.
GDP per capita
GDP divided by the total population.
Measure of wealth
People per doctor
The average number of people for each doctor.
Measure of access to healthcare.
Literacy rate
Percentage of adults who can read and write.
Measure of access to education
Access to safe water
Percentage of people that can get clean drinking water
Measure of sanitation
Life expectancy
The average age a person can expect to live.
Measure of quality of and access to healthcare
Physical quality of life index (PQLI)
A number calculated using life expectancy, literacy rate and infant mortality rate.
Calorie intake
The average number of calories eaten per day.
Measure of access to healthy and varied diet
Human development index (HDI)
A number that’s calculated using life expectancy, literacy rate, education level and income per head.
Climate change
Any change in the weather of an area over a long period
Global warming
The increase in global temperature over the last century
Globalisation
The process of all the world’s systems and cultures becoming more integrated
MNCs
Companies that produce or sell products or are located in more than one country
Trade
The exchange of goods and services between countries
Employment structure
What proportion of a country’s workforce is employed in each type of industry
