ECONOMIC INDICATORS. ECONOMIC INDICATORS SHOW THE HEALTH AND DEVELOPMENT OF A COUNTRY’S ECONOMY.

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ECONOMIC INDICATORS

ECONOMIC INDICATORS SHOW THE HEALTH AND DEVELOPMENT OF A COUNTRY’S ECONOMY

ECONOMIC INDICATORS INCLUDE: GDP: GROSS DOMESTIC PRODUCT-THE COST OF GOODS AND SERVICES PRODUCED IN A COUNTRY. GDP PER CAPITA-THE COST OF GOODS AND SERVICES PRODUCED PER CITIZEN IN A COUNTRY

How do we interpret economic indicators to determine a country’s economic health.

Levels of Industry

DEVELOPED COUNTRIES HAVE ADVANCED TECHNOLOGY AND ARE INDUSTRIALIZED. Because of technology, these countries are able to produce high amounts of goods and services to sell in global markets. (GDP) Characteristics include advanced healthcare and higher life expectancies and literacy rates. Capitalism is a characteristic as well as limited governments. How do these characteristics work together to encourage development?

DEVELOPING COUNTRIES ARE IN THE PROCESS OF INDUSTRIALIZATION.

How would you explain the relationship between a country’s development and economic indicators?