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Ch9 Rubenstein APHG

Rubenstein APHG book

QuestionAnswer
Tertiary Sector The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment
Value added The gross value of the product minus the costs of raw materials and energy
Primary sector The portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry
Productivity The value of a particular product compared to the amount of labor needed to make it
Secondary sector The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials
Less developed country (LDC) A country that is at a relatively early stage in the process of economic development
Literacy rate The percentage of a country's people who can read and write
More developed country (MDC) A country that has progressed relatively far along a continuum of development
Human Development Index (HDI) Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy
Gross domestic product (GDP) The value of the total output of goods and services produced in a country in a given time period (normally 1 year)
Gender empowerment measure (GEM) Compares the ability of women and men to participate in economic and political decision making
Gender-Related development index (GDI) Compares the level of development of women with that of both sexes
Development A process of improvement in the material conditions of people through diffusion of knowledge and technology
Structural adjustment program Economic policies imposed on less developed countries by international agencies to create conditions encouraging international trade,such as raising taxes,reducing government spending,controlling inflation,selling publicly owned utilities to private corps
Created by: dancingstar1
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