1. Warm-Up (4/7)
Please pick up a notes sheet from the side table and hole punch it.
Once back at your seat please label the following states with the following abbreviations on page 30:
Louisiana – LA
Oklahoma – OK
Nebraska – NE
Texas - TX

3. Developed vs. Underdeveloped
Countries throughout the world are often characterized as being developed or underdeveloped. This designation tells us much about the level of that nation’s economy.

4. What is the difference between Developed and Underdeveloped countries?
??? VS

5. Undeveloped 1) low standard of living 2) small industrial base
3) moderate to low level on the Human Development Index
4) government in constant turn over
Sometimes referred to as Rural Countries, Third World, Poor Countries

6. Developed 1) stable economy 2) organized government
3) high standard of living
4) high Human Development Index level
Sometimes referred to as Industrialized Nations, First World, Rich Countries

7. How do we determine different levels of development?
Standard of living – The quality and quantity of goods and services available to citizens and the way these things are distributed within a country.

8. Things that affect standard of living include:
Poverty Rate

9. Income per person (per capita)

10. Quality of health care

11. Educational standards

12. Human Development Index –
Calculated using the following:
Life Expectancy
Expected age of death for a country
Literacy Rate
Ability to read, write, listen and speak
Education
Institutions of higher learning i.e. - colleges

13. Industrial Base –
number of industries that help support a country’s needs

14. Additional Factors of Economic development
GDP vs. GNP
GDP – money made from goods and services inside the country
GNP – money made from goods and services by residents of a country, even if not in country

15. Population Growth –
poorer countries will have a higher rate of growth

16. Urbanization –
% of a country’s population who live in urban areas. More developed = more urbanized.

17. Infrastructure –
Things needed to help a society operate and function Such as: Highways, means of communication, energy distribution systems, farms, factories, hospitals, etc.

18. Infant Mortality –
number of deaths of children in the first years of life. Higher number = less developed

19. Caloric Intake –
Food available for people of a nation

20. Stages Economic Development of countries happens in stages:
1) Primitive
2) Transition
3) Takeoff (Developing)
4) “semi-developed”
5) “highly developed”