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Economics, Part 2
| Question | Answer |
|---|---|
| economic indicators | factors that determine if a country is developed or developing |
| literacy | being able to read and write |
| illiteracy | not being able to read and write |
| life expectancy | average life span for a female or male |
| urban | living inside the city limits, city |
| rural | living outside the city limits, country |
| populaton | number of people in the area being studied |
| agriculture | farming and livestock |
| labor force | people that work |
| subsistence farming | grow enough food for personal/family use |
| commercial farming | grow or produce enough food to sell for a profit |
| profit | the amount of money in excess, the amount of money above the cost of production |
| % of popluation under age 15 | the number of children in the country |
| gross domestic product (GDP) | total amount of money produced by a nation in one year |
| GDP per capita | total amount of money earned by a person in one year, income |
| technology | skills and tools |
| What would help life expectancy? | medical attention, medicines |
| What is the percent of urban population to be considered developed? | over 70% |
| What should the popluations of children under the age of 15 years be, if the country is considered developed? | under 20% |
| What is the percentage of people that are literate, if the country is considered developed? | over 90% |
| What is life expectancy of a country that is developed? | over 70 years old |
| What is the per capita GDP for a developed country? | over $14,000 |
| What is the labor force in agriculture if the country is considered to be developed? | less that 5% |
| Developed or developing: Japan | developed |
| Developed or developing: United States | developed |
| Developed or developing: Africa | developing |
| Developed or developing: Latin America | developing |
| Developed or developing: Canada | developing |
| Developed or developing: most of Asia | developing |
| Developed or developing: most European nations | developed |
| Developed or developing: sell extra goods to other countries | developed |
| Developed or developing: commercial farming | developed |
| Developed or developing:subsistence farming | developing |
| Developed or developing:problems with disease, poor education, changing governments | developing |
| Developed or developing:problems are pollution, dependence on others, shortages | developed |
| Developed or developing: most people live in urban areas | developed |
| Developed or developing: most people work in industries and businesses | developed |
| Developed or developing: low literacy rate | developing |
| Developed or developing:life expectancy is high | developed |
| Developed or developing:more than 1/4 of the world's population | developed |
| Developed or developing: nomadic herding (moving with animals), gathering food | developing |
| arable | land that is suitable for farming |
Created by:
jennifersarria
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