Indicators Of Success

Question 1

What is the global development gap?

Answer 1

It is the difference between the most advanced countries and the least advanced countries

Question 2

What is the HDI?

Answer 2

It is a system called the Human Development Index, which gives a system which gives a score between 0 and 1. The higher the given number, the better and more developed the country. This system is advanced because it scores multiple indicators.

Question 3

What does GNI stand for?

Answer 3

Gross National Income

Question 4

What is the GNI?

Answer 4

It is the sum of incomes of residents of an economy in a given period

Question 5

What is the most common way that countries can be classified by their level of development?

Answer 5

• developed countries
• emerging counties
• developing countries

Question 6

Features of a developing country

Answer 6

• GNI below $3,955/yr
• underdeveloped industry
• low standard of living
• high population growth
• poor quality of life
• reliance on agriculture and exports of raw materials

Question 7

Features of an emerging country

Answer 7

-GNI between $3,955 and $12,367/yr
- rapidly industrialising
- moderate standard of living
- low population growth
- rapidly improving quality of life
- manufacturing

Question 8

Features of a developed country

Answer 8

• GNI above $12,376/yr
• Highly developed industry
• Excellent standard of living
• declining population growth
• good quality of life
• services and high-tech industry

Question 9

What does HIC stand for?

Answer 9

High Income Country (developed)

Question 10

What does LIC stand for

Answer 10

Low Income Country (Developing)

Question 11

What does NIC stand for?

Answer 11

Newly Industrial Country (emerging)

Question 12

What does BRIC stand for?

Answer 12

Brazil, Russia, India and China

Question 13

What are some key factors for countries being more developed than others?

Answer 13

• Environmental
• Debt
• Historical
• Dependance on primary activities

Question 14

Observations of the Clark Fisher Model

Answer 14

Primary: started off at highest at just above 70% but decreased over the years and became less than 10%
Secondary: started quite low at 20% during the pre-industrial time. It slightly increased to 40% but then dropped again to 30%
Tertiary: started at the lowest but now is highest. Eventually, it reached around 50%