- Created by: WGSB Geography
- Created on: 31-03-17 11:15
Economic changes occur as the wealth of a country increased through development. Gross Domestic Product (GDP) and Gross National Income (GNI) can measure a countries wealth.
- GDP is the total value of goods and services a country produce in a year.
- GNI is the total value of goods and services people of that nationality produce in a year ( GDP + money from people living elsewhjere in the world)
Rich Industrial Countries (MEDCs) - these are the most developed countries in the world. E.g. UK, USA, Canada…