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AP HG Ch 9 Vocab
Question | Answer |
---|---|
Value Added | The gross value of the product minus the costs of raw materials and energy. |
Dependency Theory | States that LDCs tend to have a higher dependency ratio, the ratio of the number of people under 15 or over 64 to the number in the labor force. |
Gender Empowerment Index (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 number of goods and services produced in a country in a given time period (normally one year). |
Gross National Product (GNP) | Is similar to GDP except that includes income that people earn abroad. |
Human Development Index (HDI) | Indicator of level of development for each country, constructed by the United Nations, combining income, literacy, education, and life expectancy. |
Literacy Rate | The percentage of a country's people who can read and write. |
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. |
Rostow's "Modernization Model" | Developed the "Stages of Growth" model of economic development. |
Secondary Sector | The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials. |
Structural Adjustment Program | Economic policies imposed on LDCs by int agencies to create conditions encouraging international trade,like raising taxes, reducing government spending,controlling inflation,selling publicly owned utilities to private corporations,& charging citizens more |
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. |