TOPIC: Changing economic world

Question 1

What 3 factors are assessed in the HDI

Answer 1

Wealth (GNI per capita)
Health (Life expectancy)
Education (Years of schooling)

Question 2

What is the development gap

Answer 2

The widening gap between the richest and the poorest countries of the world

Question 3

What is 1 economic, physical, and historical causes of the development gap

Answer 3

Debt to HICs means that less money can be spent on developing the country
Extreme weather disasters can hold back the development of a country because lots of money needs to be spent on rebuilding the infrastructure and economy
War with other countries can be very costly and damaging to the development of countries

Question 4

What are the stages of the multiplier effect

Answer 4

TNCs invest in the countr
Increase in jobs and taxes
Investments are made into infrastructure, healthcare, schools ect.
Quality of life is improved
More investment opportunities are made

Question 5

How does tourism decrease the development gap

Answer 5

Tourists from HICs pay for the transport, accommodation, and guides, which provides jobs and brings more money into the countries economy

Question 6

What is the primary, secondary, tertiary, and quaternary sectors

Answer 6

Farming and mining
Industrial manufacture
Services
And research, IT, and development

Question 7

Trend of primary sector

Answer 7

Steady decrease over last 150 years

Question 8

Trend of secondary sector

Answer 8

Decrease over last 50 years

Question 9

Trend of tertiary

Answer 9

Increase over last 100 years

Question 10

Trend of Quaternary

Answer 10

increased over the last 50 years