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Economic Indicators

TermDefinition
development The measure of a country’s economic health, social conditions, and standard of living.
GDP per capita A country’s gross domestic product (GDP) divided by its population.
gross domestic product (GDP) The total dollar value of all the final goods and services produced within a country’s borders in a given year.
mechanized Done by machine.
sector A section or part.
standard of living The level of comfort the average person in a country can reasonably afford.
technology Tools, machines, materials, and processes that solve problems, increase human capabilities, or make people’s lives easier.
Created by: Dark rider
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