Growing Economies

Question 1

What is an emerging economy?

Answer 1

The country is becoming a developed nation often caused by relatively high economic growth and a rapid expansion of trade and investment

Question 2

What is Gross Domestic Product (GDP)?

Answer 2

The value of all the goods and services produced in a country in the course of a year

Question 3

What are some indicators of growth?

Answer 3

1. GDP per capita
2. Literacy
3. Health
4. HDI

Question 4

What is the human development index (HDI)?

Answer 4

A composite figure reflecting health, education and economic progress

Question 5

What does the HDI measure?

Answer 5

1. A decent standard of living
2. A long and health life/life expectancy
3. Good educational standards