Economic world section 1

Question 1

1.1 - development

Answer 1

The progress of a country in terms of economic growth, the use of technology and human welfare.

Question 2

1.2 - human welfare

Answer 2

The health, happiness and prosperity of a person

Question 3

1.3 - quality of life

Answer 3

Quality of life includes everything from physical health, family, education, employment, wealth, safety, religious beliefs, and the environment.

Question 4

1.4 - LIC

Answer 4

Low income country - a country with a GNI below $1045

Question 5

1.5 - HIC

Answer 5

High income country - a country with a GNI above $12,746

Question 6

1.6 - NEE

Answer 6

Newly emerging economy - a country with a GNI ranging between $1046 to $12,745

Question 7

1.7 - development indicator

Answer 7

A numerical measure of the quality of life within a country

Question 8

1.8 - limitation

Answer 8

A factor that reduces the effectiveness of something

Question 9

1.9 - consequences

Answer 9

A result or effect of an action

Question 10

1.10 - demographic

Answer 10

A particular section of a population

Question 11

1.11 - transition

Answer 11

A particular section of a population

Question 12

1.12 - population

Answer 12

The inhabitants that make up a certain place

Question 13

1.13 - birth rate

Answer 13

Number of babies born each year per 1000 people

Question 14

1.14 - death rate

Answer 14

total number of people who die each year per 1000 people

Question 15

1.15 - life expectancy

Answer 15

the amount of years an average person can expect to live

Question 16

1.16 - literacy rate

Answer 16

Percentage of people over the age of 15 who can read and write a simple sentence

Question 17

1.17 - infant mortality rate

Answer 17

number of babies per 1000 born that die before their first birthday

Question 18

1.18 - GNI

Answer 18

Gross national income - The total amount of money earned by a nation’s population and businesses

Question 19

1.19 - GNI per capita

Answer 19

The monetary value of a country’s income in a year divided by the population

Question 20

1.20 - GDP

Answer 20

Gross domestic product - a country’s total market value in a year

Question 21

1.21 - GDP per capita

Answer 21

A country’s total market value in a year divided by the population