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AP HG Ch 9 Vocab

QuestionAnswer
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.
Created by: mary1234567890