Unit 7: Industrialization And Economic Development Patterns And Processes Chapter 18: Topic 7.3 Flashcards
The dollar amount of all goods and services produced by a country’s citizens in one year. Involves the money of citizens and businesses regardless of where they are located.
Gross National Product (GNP)
Same as GNP
Gross National Income (GNI)
Dollar amount of all goods and services produced within a country in one year.
Gross Domestic Product (GDP)
Migrant worker’s earnings are sent back to family members in their home countries. Or profits from foreign-owned company leaving the country and going back to the home country.
Remittances
Amount per person
Per Capita
A measure of what similar goods cost in different countries
Purchasing Power Parity (PPP)
Portion of economy that is monitored by government, so people in it follow regulations and pay taxes. Portion of economy measured by GNP, GNI and GDP.
Formal Economic Sector
Portion of the economy that is not monitored by the government.
- Activities that are done without pay (odd jobs, family and friends)
- Things that are not reported in tax issues (tips)
- Illegal activity (drug dealing and identity theft)
Lower level of development = higher percentage working in this sector
Informal Economic Sector
Increased energy consumption is more present in developed countries but the effects are seen worldwide because energy is produced in less developed countries.
Global energy consumption trends
Measure of the distribution of income within a population. The higher the number the higher the amount of income inequality. Periphery and semiperiphery have a higher number.
Gini coefficient
Africa and South America = 20% of global population, 8% of global GDP, Asia = 60% of global population, 37% of global GDP, North America and Europe = 16% of world population, 55% of global GDP
Regional Patterns of development
- TFR = # of children a woman is expected to have throughout her lifetime. Income development +, TFR -
- IMR = Rate of which babies die before the age of 1 Income development +, IMR -
- Life Expectancy
- Literacy Rate
Social measures of development
The number of years a person is expected to live, positive correlation with development. Related to the availability of adequate health care. Poor countries that have increased health care have an increased _____.
Life Expectancy
Percentage of the population that can read and write in an 8th grade level or higher. 2015, 90% in the entire world, 99% in more developed. Those who cannot read are usually women in LDCs.
Literacy Rate
Differences in the privileges afforded to males and females in a society. EX: Educational; opportunities, employment options, wages, voting rights, health care, political empowerment, property rights, the ability to drive a car, inheritance rights or the right to make contraceptive decisions.
Gender Gap
