Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| Adolesent fertility rate | The number of births per 1,000 women aged 15-19
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| Developed country | A country that has progressed relatively far along a continuum of development
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| Developing country | A country that is at a relatively early stage in the process of economic development
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| Development | A process of improvement in material conditions of people through diffusion of knowledge and technology
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| Fair trade | An alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply w/ minimum environmental and safety standards
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| Female labor force participation rate | The percentage of women holding full-time jobs outside of home
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| Foreign Direct Investment (FDI) | Investment made by a foreign company in the economy of another county
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| Gender Inequality Index (GII) | An indicator constructed by the UN to measure the extent of each country's gender inequality
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| Gross Domestic Product (GDP) | The value of the total output of goods and services produced in a country in a year, not accounting for money that leaves and enters the country
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| Gross National Income (GNI) | The value of the output of goods and services produced in a year, including money that leaves and enters the country
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| Human Development Index (HDI) | The UN's indicator of the level of development for a country, which is a combination of income, education, and life expectancy
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| Inequality-adjusted HDI (IHDI) | An indicator of the level of development for a country that identifies the HDI to account for inequality
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| Literacy Rate | The percentage of a country's people who can read and write
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| Microfinance | Provision of small loans and financial services to individuals and small businesses in developing countries.
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| Primary Sector |
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| 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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| Purchasing Power Parity (PPP) | The amount of money needed in one country to purchase the same goods and services in another country; PPP adjusts income figures to account for differences among countries in the cost of goods
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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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| Value Added | The gross value of a product minus the costs of raw materials and energy
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| Srructural Adjustment Program | Economic policies imposed on less developed countries by international agencies to create conditions encouraging international trade
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| Tertiary Sector | The portion of the economy with the transportation, communications, and utilities extended to the provision of all goods and services to people in exchange for payment
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