Developing countries

Question 1

Main measure of growth

Answer 1

GDP

Question 2

criteria for HDI

Answer 2

1) Life expectancy
2) Years of schooling
3) Real Gross National Income per capital

Question 3

Life expectency

Answer 3

Measures how long a person is likely to live at birth. Developed countries will have a longer life expectancy than developing countries

Question 4

Years of schooling

Answer 4

Developed countries have more education than developing countries. In the UK, we can expect an average of 16.4 years.

Question 5

Real Gross National Income per capital

Answer 5

Looks at the average income of a person within a country. It takes real GNI and divides it into the number of people within the country and compares it into dollars to allow comparison between all the countries in the world.

Question 6

characterisitics of a developing countries

Answer 6

Developed countries have utilised developing countries as a source of cheap production in terms of lower costs of raw materials and labour

Question 7

western countries charcteristics

Answer 7

Western nations have seen deindustrialisation. These manufacturing jobs have been replaced with tertiary jobs.
Increased trade has enabled developing countries to participate more effectively in the global economy. Many have become more integrated into competitive markets and have generated significant and wealth for their citizens.

Question 8

mean income

Answer 8

the total income divided by the population

Question 9

Mean household income

Answer 9

the total income divided by the number of households

Question 10

Median income

Answer 10

the value of the middle income in the population when it is sorted in ascending order

Question 11

median household income

Answer 11

the value of the middle income of all households in a country when sorted in ascending order

Question 12

specalisation

Answer 12

when an economic unit concentrates on specific goods or services

Question 13

advantages of specalisation of countries

Answer 13

• Improved GDP
• Better quality of goods
• Economies of sale