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31 Cards in this Set
- Front
- Back
Standard of Living
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A way of life that is accepted as a model
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Economic indicators
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Series of statistics used to predict future economic activity
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Statistics
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The branch of math that deals with the collection, organization, analysis, and interpretation of numerical data
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Gross Domestic Product
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Total value of all goods and services produced by a country in a year
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Per Capita
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Per person
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Per Capita GDP
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Total value of goods and services divided by a nation's population
* if # <$ 2000= Nation is developing * if # is >$2000= Nation is Developed |
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Developed
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A nation having a high industrialization and a high of living
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Developing
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A nation having little industry and a low standard of living
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Literacy rate
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The percent of people who can read and write
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Life expectancy
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The age of people expected to live to
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Infant Mortality rate
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The number of babies who die for every 1,000 who are born
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Poverty Line
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Minimum income level, below which a person is said to be in poverty
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Malnutrition
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A lack of healthy foods in the diet
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Unemployment Rate
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Percent of work force that is without a job
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Human development index
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(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
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Hypothesis
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A REASONABLE guess it must be researched and backed up by facts
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Subsistence Farming
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Farming for survival
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Commercial Farming
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Raising crops to sell for profit
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Arable land
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Land which is good for farming
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Agriculture
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Farming
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Industry
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Making of products to sell to others
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Technology
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Use of scientific knowledge to improve life
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Urban
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City
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Suburban
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In- between city and country, " towns"
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Rural
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Country
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Population
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Total number of people living in nation or region
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Overpopulation
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Too many people in one area
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Refugee
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Person who flees for safety
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Command economy
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Government control
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Traditional
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Customs+ Old ways
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Market
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Free enterprise + individuals make decisions
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