Developed countries have high levels of living standards. The
characteristics they share are: a high GDP or gross domestic
product per capita, industrialization and a very high Human
Development Index or HDI rating.
🔄 Click to see term
Term1/15
How can a culture affect economics
🔄 Click to see definition
Definition1/15
A culture can affect economics in various ways. One way is how
people take care of their health. Another is where people work and
the types of jobs they have. Eating out or cooking their own food
at home can affect economics. Another affect culture can have on
economics is the cultural events and traditions such as weddings or
coming of age type parties.
🔄 Click to see term
Term1/15
How does a high gross domestic product GDP affect health care
🔄 Click to see definition
Definition1/15
Quality health care is expensive, and nations with higher GDP
can afford better care.
🔄 Click to see term
Term1/15
A manufacturing plant that only makes expensive handbags is an example of
🔄 Click to see definition
Definition1/15
specialization
🔄 Click to see term
Term1/15
What are some advantages to an oligarchic form of government
🔄 Click to see definition
Definition1/15
A. It prevents mob rule. An oligarchy is supposed to be rule by the best but it is more often rule by the rich and powerful, usually with the backing of an army. If the ruling class treats the rest of the population well, an oligarchy can be efficient because it is decisive; there isn`t the squabbling that occurs in democracies.
🔄 Click to see term
Term1/15
Biodiversity is defined as
🔄 Click to see definition
Definition1/15
how many different types of plant and animal life exist in a
given habitat.
🔄 Click to see term
Term1/15
What is Growing crops herding animals or even hunting and gathering
🔄 Click to see definition
Definition1/15
Traditional economy
🔄 Click to see term
Term1/15
How economic and political power is distributed between the sexes
🔄 Click to see definition
Definition1/15
gender empowerment measure
🔄 Click to see term
Term1/15
How should you accurately describes Chinese folk religion
🔄 Click to see definition
Definition1/15
Blends beliefs and practices from a diverse set of local
religions
🔄 Click to see term
Term1/15
Does weathering and erosions cause rolling plains to chage into mountains
🔄 Click to see definition
Definition1/15
no
🔄 Click to see term
Term1/15
What factors go into determining a country's Human Development Index (HDI) rating
🔄 Click to see definition
Definition1/15
literacy and education;; and life expectancy
🔄 Click to see term
Term1/15
The yield of the land refers to which of the following
🔄 Click to see definition
Definition1/15
The amount of crop output from a given area of planted land
ion…
🔄 Click to see term
Term1/15
What are the following major elements of a high quality of life
🔄 Click to see definition
Definition1/15
A)access to effective education
(B) Ability to get quality health care
(D)Removal and appropriate treatment of waste
🔄 Click to see term
Term1/15
Life Expectancy
🔄 Click to see definition
Definition1/15
Life Expectancy
How much you need for retirement depends a great deal on how
long you expect to live. This calculator can give you an idea of
your life expectancy based on your current age, smoking habits,
gender and several other important lifestyle choices.
🔄 Click to see term
Term1/15
Gross Domestic Product
🔄 Click to see definition
Definition1/15
You’ve been watching the financial news and you’ve heard that
the U.S. reports its GDP has risen in the fourth quarter. You have
some vague idea that this means something about the economy but
aren’t quite sure what it is. So what is the GDP? GDP is an acronym
that stands for Gross Domestic Product. It is a figure that
represents the monetary value of all end-use goods and services
produced within a country for a period of time. End-use is a term
that means the final product – a company’s sales of car parts it
manufactures to Ford wouldn’t be included, but the sale of the end
product, the car, is part of the calculation. So when you hear that
the GDP is up for the fourth quarter that simply means that more
goods or services were produced in this period. It is generally
used as a way to take the pulse of the overall economy as a whole.
It is calculated using the following formula: GDP = C + I + G +
(X-M) Where: C = Consumption Stuff we buy. These are sometimes
reported as sub-categories: durable goods, non-durable goods, and
services. I = Investment No, this isn’t your 401(k). It is the
total of business investment, i.e. when IBM builds a new plant or
the Apple store adds to its inventory. It also includes the
purchase of new-construction homes by private households. G =
Government spending Everything from the building of the interstate
highways to the purchase of M1A2 Abrams tanks that the government
spends. These figures do not include so-called transfer payments
such as social security or veterans’ benefits. (X-M) = Total
Exports less Total Imports (aka Net Exports) Self-explanatory. GDP
is often used to measure a country’s economic health. When it is
taken into context with the population of the country it is known
as GDP per capita. GDP per capita is calculated as GDP /
population, and is often used as an informal gauge of standard of
living within a country.
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
Cards in this guide (15)
What characteristics do developed nations share
Developed countries have high levels of living standards. The
characteristics they share are: a high GDP or gross domestic
product per capita, industrialization and a very high Human
Development Index or HDI rating.
How can a culture affect economics
A culture can affect economics in various ways. One way is how
people take care of their health. Another is where people work and
the types of jobs they have. Eating out or cooking their own food
at home can affect economics. Another affect culture can have on
economics is the cultural events and traditions such as weddings or
coming of age type parties.
How does a high gross domestic product GDP affect health care
Quality health care is expensive, and nations with higher GDP
can afford better care.
A manufacturing plant that only makes expensive handbags is an example of
specialization
What are some advantages to an oligarchic form of government
A. It prevents mob rule. An oligarchy is supposed to be rule by the best but it is more often rule by the rich and powerful, usually with the backing of an army. If the ruling class treats the rest of the population well, an oligarchy can be efficient because it is decisive; there isn`t the squabbling that occurs in democracies.
Biodiversity is defined as
how many different types of plant and animal life exist in a
given habitat.
What is Growing crops herding animals or even hunting and gathering
Traditional economy
How economic and political power is distributed between the sexes
gender empowerment measure
How should you accurately describes Chinese folk religion
Blends beliefs and practices from a diverse set of local
religions
Does weathering and erosions cause rolling plains to chage into mountains
no
What factors go into determining a country's Human Development Index (HDI) rating
literacy and education;; and life expectancy
The yield of the land refers to which of the following
The amount of crop output from a given area of planted land
ion…
What are the following major elements of a high quality of life
A)access to effective education
(B) Ability to get quality health care
(D)Removal and appropriate treatment of waste
Life Expectancy
Life Expectancy
How much you need for retirement depends a great deal on how
long you expect to live. This calculator can give you an idea of
your life expectancy based on your current age, smoking habits,
gender and several other important lifestyle choices.
Gross Domestic Product
You’ve been watching the financial news and you’ve heard that
the U.S. reports its GDP has risen in the fourth quarter. You have
some vague idea that this means something about the economy but
aren’t quite sure what it is. So what is the GDP? GDP is an acronym
that stands for Gross Domestic Product. It is a figure that
represents the monetary value of all end-use goods and services
produced within a country for a period of time. End-use is a term
that means the final product – a company’s sales of car parts it
manufactures to Ford wouldn’t be included, but the sale of the end
product, the car, is part of the calculation. So when you hear that
the GDP is up for the fourth quarter that simply means that more
goods or services were produced in this period. It is generally
used as a way to take the pulse of the overall economy as a whole.
It is calculated using the following formula: GDP = C + I + G +
(X-M) Where: C = Consumption Stuff we buy. These are sometimes
reported as sub-categories: durable goods, non-durable goods, and
services. I = Investment No, this isn’t your 401(k). It is the
total of business investment, i.e. when IBM builds a new plant or
the Apple store adds to its inventory. It also includes the
purchase of new-construction homes by private households. G =
Government spending Everything from the building of the interstate
highways to the purchase of M1A2 Abrams tanks that the government
spends. These figures do not include so-called transfer payments
such as social security or veterans’ benefits. (X-M) = Total
Exports less Total Imports (aka Net Exports) Self-explanatory. GDP
is often used to measure a country’s economic health. When it is
taken into context with the population of the country it is known
as GDP per capita. GDP per capita is calculated as GDP /
population, and is often used as an informal gauge of standard of
living within a country.
Is it more grammatically correct to use following or below e.g. the following list or the below list when referring the reader to information that follows in the document
What characteristics do developed nations share
Which of the following are traits of a representative democracy