Podcast
Questions and Answers
What economic measure is defined as the total value of a country's goods and services?
What economic measure is defined as the total value of a country's goods and services?
- CPI (Consumer Price Index)
- GDP (Gross Domestic Product) (correct)
- GNP (Gross National Product)
- PPP (Purchasing Power Parity)
What is the definition of quality of life?
What is the definition of quality of life?
- The presence of many material possessions.
- The level of technological advancement in a society.
- The political power held by individuals.
- The general well-being or happiness of a person or society. (correct)
Which of these best illustrates a high quality of life?
Which of these best illustrates a high quality of life?
- Having the latest technology.
- Meeting basic needs and satisfying many wants. (correct)
- Access to luxury goods and services.
- Having a large amount of savings.
How is GDP per capita calculated?
How is GDP per capita calculated?
Which statement best characterizes inequality?
Which statement best characterizes inequality?
What does the term 'economic activity' primarily encompass?
What does the term 'economic activity' primarily encompass?
How is the quality of life measured?
How is the quality of life measured?
Which of the following best describes the primary industry sector?
Which of the following best describes the primary industry sector?
What type of industry is characterized by knowledge-based activities such as research and development?
What type of industry is characterized by knowledge-based activities such as research and development?
Which of these is NOT an indicator of quality of life?
Which of these is NOT an indicator of quality of life?
Which of the following is a typical characteristic of a developed country?
Which of the following is a typical characteristic of a developed country?
What is a primary goal of fair trade?
What is a primary goal of fair trade?
Which factor is commonly found in developed countries?
Which factor is commonly found in developed countries?
In fair trade practices, which group’s welfare is a focal concern?
In fair trade practices, which group’s welfare is a focal concern?
Besides having jobs for workers, another characteristic of a developed country is:
Besides having jobs for workers, another characteristic of a developed country is:
Flashcards
Quality of Life
Quality of Life
The general well-being or happiness of a person or society, measured by basic needs being met.
High vs. Low Quality of Life
High vs. Low Quality of Life
High quality means basic needs are met; low quality means they are not.
Equality
Equality
All people treated the same in rights and opportunities.
HDI
HDI
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Indicators of Quality of Life
Indicators of Quality of Life
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Developed Countries
Developed Countries
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Characteristics of Developed Countries
Characteristics of Developed Countries
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Fair Trade
Fair Trade
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Purpose of Fair Trade
Purpose of Fair Trade
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Effects of Fair Trade
Effects of Fair Trade
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Wealth
Wealth
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GDP per capita
GDP per capita
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Economic activity
Economic activity
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Global development
Global development
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Types of industries
Types of industries
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