Geography Standard of living Voacb Flashcards
Developed Countries
Countries with strong economies and a high quality of life and standard of living
Developing Countries
Countries with less productive economies and a lower quality of life and standard of living
Gross Domestic Product (GDP)
GDP is the total value of all goods and services produced in a country
Per capita
Per Person
Purchasing Power
The ability to spend money
Standard of Living
refers to the quality and quantity of goods and services available to people. It is usually measured by real income per person, although sometimes other measures may be used; (examples are access to certain goods (such as number of refrigerators per 1000 people), or measures of health such as life expectancy).
Demographer
A geographer who studies information about human populations
Demographics
Information about human populations
Human Development Index
HDI is a number that measures economic and human well-being on a scale of 0 to 1. It combines life expectancy, literacy and purchasing power into one number.
Life Expectancy
How long a person is expected to live To calculate average life expectancy, a wide variety of characteristics can be looked at, including gender, hospitals and medical care available in the country, genetics, and lifestyle habits including smoking, drinking, eating, exercise, and sleep patterns that are common in the country of residence.
Literacy Rate
The percent of people in a country who can read and write on a functional level
Percent of population under age 15
Developing countries with a high percentage of young people may have trouble providing enough jobs, schools and food. They may also risk overpopulation.
Rural population
The percentage of people living in cities with a population less than 2,000
Urban population
The percentage of people living in cities with a population of 2,000 or more
Capital Resource
Things that are produced by people and used over and over again to produce other goods and services (Computers, machines, tools…)