chap 4 Flashcards
(5 cards)
1
Q
what is economic development?
A
the improvement of living standards and reduction of poverty
2
Q
what is an example of a developed nation?
A
Germany
3
Q
what indicator measures the total value of goods and services produced in a country?
A
gross domestic product (GDP)
4
Q
what does the human development index (HDI) measure?
A
health, education, and income
5
Q
what are the characteristics of emerging markets?
A
rapid economic growth and industrialization
