Economic inequality

Question 1

2 types of inequality

Answer 1

Social and economic

Question 2

Explain developed countries

Answer 2

5 of ;
Mostly northern hemisphere, eg. Australia, strong economies, well- developed, wealthy, industrialized, secondary and tertiary sectors, high standards of eduction, high quality infrastructure

Question 3

Explain quickly developing countries

Answer 3

5 of;
Tiger economies, rapid industrialization, focus on exporting goods, wages increasing, improvement in living standards, eg. China

Question 4

Explain slowly developing countries

Answer 4

5 of;
Third world, Southern Hemisphere, over reliant on primary sector, little manufacturing or services, famine, war, high birth rates, the eg. Sudan

Question 5

4 factors of Measuring development

Answer 5

Average yearly income (GNP) per capita
Average life expectancy
Adult literacy rate
Average years of schooling received

Question 6

What is the gnp used for

Answer 6

Establish which category a country belongs to

Question 7

How to calculate gnp

Answer 7

Total value of goods produced , services provided and exports
All divided by population to get it per person

Question 8

The higher the gnp…

Answer 8

The more developed the country