Economics Basics
16 Questions
4 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the term used to describe the average number of people living in a particular place?

  • Gross Domestic Product (GDP)
  • Consumer Spending
  • Investments
  • Population Density (correct)
  • Which type of population distribution is characterized by settlements being spread evenly across the land?

  • Random
  • Concentrated
  • Linear
  • Dispersed (correct)
  • What is the term used to describe the process of selling goods to other countries?

  • Foreign Trade (correct)
  • Importing
  • Exporting
  • Domestic Trade
  • Who developed the theory of plate tectonics in 1965?

    <p>Tuzo Wilson</p> Signup and view all the answers

    What is the term used to describe the way populations grow, by multiplying the population and not adding to the population?

    <p>Compounding</p> Signup and view all the answers

    What is the term used to describe the study of the Earth using images taken from above?

    <p>Remote Sensing</p> Signup and view all the answers

    What is the term used to describe the movement of continents resulting from the motion of tectonic plates?

    <p>Continental Drift</p> Signup and view all the answers

    What is the term used to describe the weather conditions of a place averaged over a long time?

    <p>Climate</p> Signup and view all the answers

    What percentage of Canada's forests are coniferous?

    <p>66%</p> Signup and view all the answers

    What is the primary characteristic of basic industries?

    <p>Selling goods or services to people outside the local community</p> Signup and view all the answers

    What is the term for goods and services brought in and used from other countries?

    <p>Imports</p> Signup and view all the answers

    What is the age range of the population that makes up the dependency load?

    <p>0-14 and 65+</p> Signup and view all the answers

    What percentage of Canada's economy is made up of primary industries?

    <p>4.1%</p> Signup and view all the answers

    What is the term for the average lifespan of a population of people living in a specific area?

    <p>Life Expectancy</p> Signup and view all the answers

    What type of resources regenerate themselves naturally if used carefully?

    <p>Renewable Resources</p> Signup and view all the answers

    What is the term for the total number of children a woman would need to have in order to replace herself and her partner?

    <p>Replacement Rate</p> Signup and view all the answers

    Study Notes

    Population and Economy

    • Population Density: The average number of people living in a particular place
    • Gross Domestic Product (GDP): A measure of the total value of goods and services produced within a period
    • Consumer Spending: Money spent on new goods or services
    • Investments: Money distributed to sectors to increase growth
    • Government Spending: Money spent on goods and services by the government
    • Value of Total Goods: Money spent on imported or exported goods

    Geography

    • Longitude: Imaginary line measuring the distance East or West of the Prime Meridian
    • Latitude: Imaginary lines measuring the distance North or South of the Equator, 111km apart
    • Prime Meridian: (0°) An Imaginary point that runs through Greenwich, England
    • Population Distribution:
      • Dispersed: Spread evenly across the land, often in agricultural areas
      • Concentrated: Focused on patches near resources, such as natural resources (e.g. gold, water sources)
      • Linear: Settled along a line, often along highways and the Ocean coast

    Remote Sensing and Climate

    • GPS: Global Positioning System
    • Remote Sensing: The study of the Earth using images taken from above, using:
      • Aircraft: Covers small areas, showing more detail
      • Satellites: Covers larger areas, showing less detail
    • Climate: Weather conditions of a place averaged over a long time
    • Weather: Combination of temperature, precipitation, cloud cover, and winds experienced daily

    Trade and Environment

    • Foreign Trade: The process of selling goods to other countries, usually through agreements
    • Continental Drift / Plate Tectonics: The movement of continents resulting from the motion of tectonic plates, developed by Tuzo Wilson in 1965
    • Compounding: The way populations grow, by multiplying the population and not adding to the population

    Forests and Economy

    • Coniferous: Softwood forests make up 66% of Canada's forests, e.g. Fir, pine, and spruce
    • Deciduous: Hardwood forests make up 12% of Canada's forests, e.g. oak, walnut, maple, and beech
    • Import vs Export:
      • Imports: Goods and services brought in and used from other countries
      • Exports: Goods and services sold or traded to other countries

    Demographics and Industry

    • Dependency Load: The part of the population that needs to be supported, made up of 0-14 and 65+ age groups (33% in Canada)
    • Rural: Area or regions located outside towns and cities, characterized by low population density, large open spaces, agriculture, and forestry
    • Urban: Area or regions with high population density and infrastructure
    • Basic Industry: Selling goods or services to people outside the local community, bringing new money into the local economy
    • Non-Basic Industry: Selling goods or services to people within the local community, recycling existing money in the local economy

    Population and Resources

    • Replacement Rate (RR): The TFR that will result in a stable population, 2.1 children/woman
    • Life Expectancy: Average lifespan of a population of people living in sq km
    • NIMBY: Not In My Back Yard
    • Primary Industries: 4.1% of the economy, extracting raw materials from the ground or water, e.g. Mining, farming, forestry, fishing
    • Secondary Industries: 20.7% of the economy, manufacturing products by putting things together, e.g. Auto assembly plants, factories
    • Tertiary Industries: 75.2% of the economy, providing services, e.g. Doctors, lawyers, teachers
    • Natural Resource: Things found in the total stock that people find useful
    • Renewable Resources: Regenerate themselves naturally if used carefully, e.g. Fish, animals, trees, soil
    • Non-renewable Resources: Take millions of years to regenerate themselves, e.g. Minerals, fossil fuels
    • Flow Resources: Constantly being reproduced by nature, their supply can't be damaged by humans, e.g. Water, sun, wind

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your understanding of fundamental economic concepts, including population density, GDP, consumer spending, investments, and more.

    Use Quizgecko on...
    Browser
    Browser