Economic Development- Key Terms 1.0 / 5 based on 1 rating ? GeographyDevelopmentGCSEOCR Created by: jessica.cavanaghCreated on: 06-10-16 20:31 GDP per capita Gross Domestic Product (per person)-Income from within the country 1 of 17 GNP per captia Gross National Product (per person)-Income from within and abroard country 2 of 17 MEDC More Economically Developed Country (USA) 3 of 17 LEDC Less Economically Developed Country (Nepal) 4 of 17 GNI Gross National Income 5 of 17 PPP $ Purchasing Power Parity 6 of 17 HDI Human Development Index- economic and social (life expectancy, education and income levels) 7 of 17 Absolute Poverty Population/Comunity/Individual living on less that $1.75 to live on per day 8 of 17 Relative Poverty A measure of poverty comparing individual wealth within a comunity 9 of 17 PQLI Physical Quality of Life Index- Average of life expectancy and infant mortality rate 10 of 17 Demography Population Structure 11 of 17 Imports Brought in by a country 12 of 17 Expoerts Sold by a country 13 of 17 Trade Balance The difference between imports and exports 14 of 17 Trade Surplus A country earns more money from exports than it spends on imports 15 of 17 Trade Deficit A country spends more money on exports than it earns form imports 16 of 17 Sustainable Meeting the needs of the present without compromising the ability of the future generations to meet their own needs. 17 of 17
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