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AP Human Chpt 9

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Development   A process of improvement in the material conditions of people through diffusion of knowledge and technology.  
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Foreign Direct Investment   (FDI) Investment made by a foreign company in the economy of another country.  
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Gender Empowerment Measure   (GEM) Compares the ability of women and men to participate in economic and political decision making.  
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Gender-Related Development Index   (GDI) Compares the level of development of women with that of both sexes.  
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Gross Domestic Product   (GDP) The value of the total output of goods and services produced in a country in a given time period.  
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Human Development Index   (HDI) Indicator of level of development for each country, constructed by UN, combining income, literacy, education, and life expectancy.  
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Less Developed Country   (LDC) A country that is at a relatively early stage in the process of economic development.  
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Literacy Rate   The percentage of country's people who can read and write.  
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More Developed Country   (MDC) A country that has progressed relatively far along a continuum.  
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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.  
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Productivity   The value of a particular product compared to the amount of labor needed to make it.  
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Secondary Sector   The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.  
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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.  
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Value Added   The gross value of the product minus the costs of raw materials and energy.  
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