Economic Development and Traditional Economies

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5 Questions

What is one example of a service sector industry mentioned in the text?

Real estate agencies

How is Gross National Income (GNI) per person calculated?

By dividing the total value of goods and services by the population

Which type of countries usually have higher literacy rates according to the text?

Developed countries

What is a characteristic of life expectancy in highly developed countries?

High life expectancy due to advanced healthcare

What demographic feature is mentioned as common in developed countries?

Large middle class

Explore the concept of economic development and traditional economies. Learn about the transition from traditional economies to advanced economies, with a focus on the Inuit people and their traditional economy in Alaska, Canada, and Greenland.

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