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Chapter 18 Vocabulary

Published on Nov 18, 2015

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PRESENTATION OUTLINE

HUMAN DEVELOPMENT INDEX

The 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)

THE TOTAL VALUE OF GOODS PRODUCED AND SERVICES PROVIDED IN A COUNTRY DURING ONE YEAR.

G.D.P PER CAPITA

GDP per capita is often used as an indicator of a country's material standard of living.

INFANT MORTALITY

The death of children under the age of one year.

LITERACY

THE ABILITY TO READ AND WRITE.

PRIMARY ECONOMIC ACTIVITIES

Primary economic activities are those activities where natural resources are extracted from the earth.

Secondary Economic Activities

The production and assembly of goods from raw materials.

Tertiary Economic Activities

THE TERTIARY SECTOR OF INDUSTRY INVOLVES THE PROVISION OF SERVICES TO OTHER BUSINESSES AS WELL AS FINAL CONSUMERS.

Quarternary Economic Activities

THE QUATERNARY SECTOR OF THE ECONOMY IS A WAY TO DESCRIBE A KNOWLEDGE-BASED PART OF THE ECONOMY WHICH TYPICALLY INCLUDES SERVICES SUCH AS INFORMATION GENERATION AND SHARING, INFORMATION TECHNOLOGY, CONSULTATION, EDUCATION, RESEARCH AND DEVELOPMENT, FINANCIAL PLANNING, AND OTHER KNOWLEDGE-BASED SERVICES.