Growing Economies Flashcards
1
Q
Emerging economies
A
Economies with rapid growth and significant risk
2
Q
BRICS countries
A
Brazil, Russia India China South Africa
3
Q
Growth rate
A
Rate at which nations gross domestic product changes from one year to another
4
Q
Gross domestic product
A
The total value of output produced in a particular time period, used to measure economic activity
5
Q
FDI
A
The transfer of funds by a foreign business to purchase and acquire physical capital, such as factories and machines
6
Q
HDI
A
- GDP per capital
- literacy rates - adults who can read/ write
- health - life expectancy
