1. Economic Development Vocab and Terms

2. Human Development Index -
Developed as a tool for ranking countries based on their level of economic development

3. Life Expectancy-
An average number of years an individual in the country is expected to live.

4. Birth Rates-
How many people are born for every 1,000 people in the nation in a given year

5. Mortality Rates-
This is the death rate of a country; how many people die per 1000 people

6. Infant Mortality Rate-
Number of infants who die for every 1000 births

7. Economic Indicators-
This tells how well an economy is performing

8. Gross Domestic Product (GDP)-
Total value of goods and services produced by a nation in a year

9. Gross Domestic Product per capita-
Reflects the value of goods and services produced in a year in a nation by an average person

10. Literacy Rate-
Percentage of people who can read and write

11. More Developed Nation
A more developed nation will have a higher standard of living . In a higher society you will see things like better health care, higher literacy rates, a greater number of people attending colleges, a higher birth rate, etc.

12. Newly Industrialized or Emerging Economies
Countries that are moving from less developed to more developed are also called………..
Newly Industrialized or Emerging Economies