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Flashcards - Virginia SOL - World Geography: Economic Development

Flashcards - Virginia SOL - World Geography: Economic Development
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purchasing power
Purchasing power is the number of goods or services that can be purchased with a unit of currency
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productivity
Productivity is an average measure of the efficiency of production
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productivity
Productivity is an average measure of the efficiency of production
purchasing power
Purchasing power is the number of goods or services that can be purchased with a unit of currency
Human Development Index
The Human Development Index is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development
newly industrialized country
The category of newly industrialized country is a socioeconomic classification applied to several countries around the world by political scientists and economists

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