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31 Cards in this Set

  • Front
  • Back
Standard of Living
A way of life that is accepted as a model
Economic indicators
Series of statistics used to predict future economic activity
Statistics
The branch of math that deals with the collection, organization, analysis, and interpretation of numerical data
Gross Domestic Product
Total value of all goods and services produced by a country in a year
Per Capita
Per person
Per Capita GDP
Total value of goods and services divided by a nation's population

* if # <$ 2000= Nation is developing

* if # is >$2000= Nation is Developed
Developed
A nation having a high industrialization and a high of living
Developing
A nation having little industry and a low standard of living
Literacy rate
The percent of people who can read and write
Life expectancy
The age of people expected to live to
Infant Mortality rate
The number of babies who die for every 1,000 who are born
Poverty Line
Minimum income level, below which a person is said to be in poverty
Malnutrition
A lack of healthy foods in the diet
Unemployment Rate
Percent of work force that is without a job
Human development index
(HDI) a way of life of rating nations on a scale on 0-1.0 ( a nation with a score of .944 is considered to be a great nation to live in) This score is based on literacy rate, life expectancy and per capita GDP together
Hypothesis
A REASONABLE guess it must be researched and backed up by facts
Subsistence Farming
Farming for survival
Commercial Farming
Raising crops to sell for profit
Arable land
Land which is good for farming
Agriculture
Farming
Industry
Making of products to sell to others
Technology
Use of scientific knowledge to improve life
Urban
City
Suburban
In- between city and country, " towns"
Rural
Country
Population
Total number of people living in nation or region
Overpopulation
Too many people in one area
Refugee
Person who flees for safety
Command economy
Government control
Traditional
Customs+ Old ways
Market
Free enterprise + individuals make decisions