The Changing Economic World Flashcards

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1
Q

What does GNI stand for?

A

Gross National Income

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2
Q

What does HDI stand for?

A

Human Development Index

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3
Q

What is development gap?

A

The difference in standards of living between the richest and poorest countries

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4
Q

What factors affect peoples quality of life?

A

Environmental - like hazards
Economic - like trade and debt
Social - access to safe water and education etc
Political - such as a stable government or war or conflict

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5
Q

How many stages are shown on a DTM?

A

5

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6
Q

What stage is the high fluctuation stage where there is high birth and death rate in a DTM?

A

Stage 1

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7
Q

What happens to the death rate in stage 2 of a DTM?

A

Decreases

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8
Q

What are possible reasons for death rates to drop in a DTM?

A

Better healthcare and sanitation

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9
Q

What stages are LICS in the DTM?

A

stage 1 and 2

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10
Q

What stages are NEES in a DTM?

A

Stage 3

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11
Q

What stages are HICS in a DTM?

A

Stage 4 and 5

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12
Q

What does DTM stand for?

A

Demographic transition model

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13
Q

What do population pyramids show?

A

The age structure of the male and female population

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14
Q

How many years are shown in each age group in a population pyramid?

A

5

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15
Q

What is the dependency rate?

A

The proportion of the population that is dependent upon the working population

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16
Q

What shape is stage one in a population pyramid?

A

Narrow peak and wide base

17
Q

What does stage 2 look like in a population pyramid?

A

/\ - a triangle basically

18
Q

What does stage 3 look like in a population pyramid?

A

Like a house shape where the base i extends higher meaning more young people are reaching adult hood

19
Q

What does stage 4 look like in a population pyramid?

A

A house shape again but a higher peak and base extending higher up

20
Q

What does stage 5 look like in a population pyramid?

A

A shield shape with a very high peak

21
Q

What is debt relief?

A

when an LIC is no longer required to pay back the debt from a loan or the interest rate are lowered

22
Q

What is mircofinance?

A

a small scale financial support like a loan from banks set up to help the poor.

23
Q

What is industrial development?

A

creating new jobs/ types of jobs often in the form of factories - multiplier effect.

24
Q

What is aid?

A

when a country of NGO (non governmental organisation) donates resources to another country to help it develop or improve people’s lives.

25
Q

What is intermediate technology?

A

technology that is sustainable and must suit the needs, skills, knowledge and wealth of local people.

26
Q

What is fair trade?

A

Sets standards for trade with poorer countries to improve their quality of life and gives them a fairer deal.