Geography- Measuring Economic Aspects Of Development Flashcards

1
Q

GDP

A

Gross domestic product

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2
Q

A country’s income is

A

Measured using GDP

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3
Q

GDP=

A

Total value of goods and services produced by a country in one year

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4
Q

GDP/capita

A

Gross domestic product per capita

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5
Q

GDP/capita is the

A

Average income of a person living in the country

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6
Q

Per year

A

pa

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7
Q

Per capita means

A

Per person

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8
Q

GDP/capita =

A

GDP of country/population of country = #billion/…000 000 000= #per person pa

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