Download Unit 5 Demographic/ Economic Development Vocabulary Birthrate

Unit 5 Demographic/ Economic Development Vocabulary
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Birthrate – the number of live births per total population, often expressed per thousand population.
Death rate- total number of deaths each year for every 1000 people in a place.
Demographic Transition Model – Model that describes population change over time.
Developed countries-countries with high levels of industrialization and a high standard of living.
Industrialized nation- nation with the capacity to mass produce commodities through factories.
More developed nation- a sovereign nation which has a highly developed economy and advanced technological
infrastructure.
Developing country- country with less productive economies than developed countries and a low standard of
living.
Less developed nation – A country with a lower GDP and standard of living in comparison to other nations.
GDP per capita (per capita income)- a measure of the total output of a country that takes the GDP and divides it
by the number of people in the country.
GDP(gross domestic product)- The value of only goods and services produced within a country in a period of
time.
HDI(Human Development Index)- a tool developed by the United Nations to measure and rank countries levels
of social and economic development based on the following criteria: life expectancy at birth, years of schooling,
and gross national income per capita.
Infant mortality- the number of deaths among infants under age one as measured per thousand live births.
Life expectancy- the average period that a person my expect to live.
Literacy Rate - number of people who are able to read and write.
Middle income- relating to people whose income falls in the middle of the range for an overall population
PPI( purchasing power parity)- An economic theory that estimates the amount of adjustment needed on the
exchange rate between countries in order for the exchange to be equivalent to each currency’s purchasing
power.
Standard of living –the level of wealth, comfort, material goods and necessities available to a certain
socioeconomic class in a certain geographic area.