economic indicators. economic indicators show the health and development of a country’s economy
TRANSCRIPT
ECONOMIC INDICATORS
ECONOMIC INDICATORS SHOW THE HEALTH AND DEVELOPMENT OF A COUNTRY’S
ECONOMY
ECONOMIC INDICATORS INCLUDE:
GDP: GROSS DOMESTIC PRODUCT-THE COST OF GOODS AND SERVICES PRODUCED IN A
COUNTRY.
GDP PER CAPITA-THE COST OF GOODS AND SERVICES PRODUCED PER CITIZEN IN A
COUNTRY
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Literacy Rate -the percentage of citizens that can read and write.
Life Expectancy -the average number of years a person will live (tells about healthcare and nutrition)
Infant Mortality -the percentage of babies that survive past infancy.
Number or doctors and cars
How do we interpret economic indicators to determine a country’s economic health.
ECONOMIC DEVELOPMENT
The level of a country’s developmentcan be determined by the level of
technological advancement or industrialdevelopment.
Analyzing indicators can also help to explain
how developed a country is.
Levels of Industry
DEVELOPED COUNTRIES HAVE ADVANCED TECHNOLOGY AND ARE INDUSTRIALIZED.
Because of technology, these countries are able to produce high amounts of goods and services to sell in global markets. (GDP) Characteristics include advanced healthcare and higher life expectancies and literacy rates. Capitalism is a characteristic as well as limited governments.
How do these characteristics work together to encourage development?
DEVELOPING COUNTRIES ARE IN THE PROCESS OF
INDUSTRIALIZATION.
These countries are still very agricultural and poor, but areworking toward industrialization and advancing their technology.
Examples include India, China, and Mexico.
Underdeveloped countries (third world countries) focus on primary industry such as agriculture and other raw materials they sell to industrialized nations and serve as markets for the products made in other countries.
These countries typically have high levels of poverty and birth rates and lack adequate health care and education. They have lower life expectancies and higher infant mortality rates.
Underdeveloped countries include many in Africa, especially where disease, drought, famine and warfare have interfered with the ability to industrialize, and other countries in Asia and Latin America.
DISCUSSION
How would you explain the relationship
between a country’s development and
economic indicators?