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AP Human Chpt 9
Question | Answer |
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Development | A process of improvement in the material conditions of people through diffusion of knowledge and technology. |
Foreign Direct Investment | (FDI) Investment made by a foreign company in the economy of another country. |
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. |
Gross Domestic Product | (GDP) The value of the total output of goods and services produced in a country in a given time period. |
Human Development Index | (HDI) Indicator of level of development for each country, constructed by UN, combining income, literacy, education, and life expectancy. |
Less Developed Country | (LDC) A country that is at a relatively early stage in the process of economic development. |
Literacy Rate | The percentage of country's people who can read and write. |
More Developed Country | (MDC) A country that has progressed relatively far along a continuum. |
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. |
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. |