U1: L3: Development indicators

Question 1

Define literacy rate

Answer 1

The % of people who can read over the age of 15

Question 2

Define life expectancy

Answer 2

The average age someone from birth will live until

Question 3

What does GDP stand for

Answer 3

Gross domestic product

Question 4

Define GDP

Answer 4

The total value of goods and services

Question 5

Define development indicator

Answer 5

An indicator which tells you how developed a country is

Question 6

Define GDP per capital

Answer 6

Total money produced per year by a country divided equally among the population

Question 7

Define adult literacy

Answer 7

No. Of adults who can read and write in every 10 people

Question 8

What does GNI stand for?

Answer 8

Gross national income

Question 9

What does PPP stand for?

Answer 9

Purchasing power parity

Question 10

Define PPP

Answer 10

What a dollar can buy

Question 11

What does HDI stand for?

Answer 11

Human development index

Question 12

Define HDI

Answer 12

A special index that compares countries development

Question 13

What are the 3 aspects of HDI?

Answer 13

. Life expectancy

. Access to education

. Standard decent life

Question 14

How do you find GDP per person?

Answer 14

GDP ÷ Population

Question 15

How does HDI change?

Answer 15

. COVID 19
. Climate change
. Civil wars and conflicts

Question 16

A high GDP per person does not mean everyone is well off. Why (non essay form)

Answer 16

While a high GDP per capita can indicate a prosperous economy, it does not ensure that all individuals within that economy are benefiting equally. Factors such as income inequality, regional disparities, non-monetary considerations, cost of living, and temporary economic fluctuations all play critical roles in determining the actual well-being of the population

Question 17

What are the sectors of employment?

Answer 17

. Primary - . Outputs: crops, minerals and seafood

. Secondary - Manufacturing

. Tertiary - Services

. Quaternary - Research + Development

Question 18

What is the score for HDI?

Answer 18

Between 0 - 1

Question 19

Define remittance

Answer 19

Sum of money in payment

Question 20

What are the problems of GDP per person? (Non essay form)

Answer 20

GDP per capita does not reflect the overall quality of life, including health, education, and leisure time. Two countries can have the same GDP per capita but vastly different living standards and life satisfaction.