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AP Human Chpt 9

QuestionAnswer
Development A process of improvement in the material conditions of people through diffusion of knowledge and technology.
Foreign Direct Investment (FDI) Investment made by a foreign company in the economy of another country.
Gender Empowerment Measure (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 output of goods and services produced in a country in a given time period.
Human Development Index (HDI) Indicator of level of development for each country, constructed by UN, combining income, literacy, education, and life expectancy.
Less Developed Country (LDC) A country that is at a relatively early stage in the process of economic development.
Literacy Rate The percentage of country's people who can read and write.
More Developed Country (MDC) A country that has progressed relatively far along a continuum.
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.
Productivity The value of a particular product compared to the amount of labor needed to make it.
Secondary Sector The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.
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: 1008106064
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