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Chapter 18

Published on Nov 18, 2015

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PRESENTATION OUTLINE

CHAPTER 18

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Human Development Index:(HDI) is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers of human development.

G.D.P. (Gross Domestic Product):Gross domestic product is the market value of all officially recognized final goods and services produced within a country in a year, or other given period of time.

G.D.P. per Capita:Under economic theory, GDP per capita exactly equals the gross domestic income (GDI) per capita. GDP is related to national accounts, a subject in macroeconomics.

Infant Mortality:the death of children under the age of one year.

Literacy:the ability to read and write.

Primary Economic Activities: The sector of an economy making direct use of natural resources. This includes agriculture, forestry, fishing, mining, and extraction of oil and gas.

Secondary Economic Activities:manufactures finished goods.

Tertiary Economic Activities:service industry.

Quaternary Economic Activities: Intellectual activities such as government, culture, libraries, scientific research, education, and information technology.