Unit 7 aphug

2. Change, The shift from primary to secondary to tertiary economic activities.
6. Power Parity, A measurement that compares how much money can buy in different countries.
8. Coefficient, A number between 0 and 1 that measures income inequality.
12. Ratio, The number of people too young or too old to work compared to the working-age population.
15. The decline of manufacturing in favor of service industries.
16. Developed Country, A country with high income, advanced industrialization, and higher standards of living.
17. The process of improving the economic, social, and political conditions of a country and its people.
21. The growth of manufacturing and factory-based production.
22. Sectors, Categories of economic activity: primary, secondary, tertiary, and quaternary.
23. Line, The minimum income needed to meet basic living needs.

1. National Income, The total income earned by a country’s residents, including income from abroad.
3. Curve, A graph showing the distribution of income or wealth in a society.
4. Development Index, A measure combining income, education, and life expectancy.
5. per capita, A country’s GNI divided by its population; shows average income per person.
7. Inequality Index, A measure of inequality between men and women in health, education, and employment.
9. Mortality Rate, The number of infant deaths per 1,000 live births.
10. Domestic Product, The total value of goods and services produced within a country’s borders in a year.
11. Industrialized Country, A country transitioning from an LDC to an MDC through rapid industrial growth.
13. Developed Country, A country with lower income, lower levels of industrialization, and lower standards of living.
14. Distribution, How income is divided among a population.
18. Contracting work to an outside company, often in another country.
19. Rate, The percentage of people who can read and write.
20. Expectancy, The average number of years a person is expected to live.