Wealth
What does “wealth” mean to a geographer?
What is the total value of a country’s material goods, natural resources, and human resources?
What does GDP stand for?
Gross Domestic Product
What are the four economic sectors?
What are primary, secondary, tertiary, and quaternary?
What causes a population to grow over time?
What is when the birth rate is higher than the death rate?
What is one reason why some governments fail to provide a good quality of life for their citizens?
What is having a weak economy, poor decision-making, corruption, or prioritizing personal gain over public welfare?
What is one way a government can use wealth to improve the quality of life for its citizens?
What is providing services like healthcare or education?
How is GDP per capita calculated?
What is dividing a country’s GDP by its population?
$300
What type of work happens in the primary sector?
What is resource extraction like farming, fishing, or mining?
Why can a high population growth rate create challenges for a city like Cairo?
What is because it puts pressure on the government to provide housing, education, healthcare, and clean water?
What is government corruption, and how does it affect a country’s economy and services?
What is when officials use power dishonestly, often stealing money or accepting bribes, which reduces funding for things like education and healthcare?
What is the Human Development Index (HDI) used to measure?
What is a country’s quality of life, including health, education, and standard of living?
Why is GDP per capita a more accurate measure of individual wealth than GDP alone?
What is because it shows the average income per person, not the total wealth?
Give an example of a quaternary sector job.
What is a software developer, researcher, or educator?
How does the population growth rate typically differ between least developed, developing, and more developed countries?
What is that developing countries usually have rapid population growth, least developed countries have slow growth due to high birth and death rates, and more developed countries have slow growth due to low birth and death rates?
What is the Corruption Perceptions Index, and what does a low score indicate?
What is a scale from 0 (highly corrupt) to 100 (very clean), where a low score shows a high level of public sector corruption?
Why might a country with a small GDP still have a high standard of living?
What is having a small population, which results in a high GDP per capita?
In 2013, which two countries had similar GDP per capita despite different total GDPs?
What are the United States and Canada?
What economic system gives people the most freedom to own and run businesses?
What is a market economy?
Why do least developed countries often struggle to improve quality of life despite high birth rates?
What is because they have limited government services, traditional economies, and higher death rates, which prevent sustainable development?
Why do many former colonies face economic challenges after gaining independence?
What is because colonial powers left them with underdeveloped economies, social and political issues, and a lack of skilled professionals?
What does it mean to use wealth sustainably?
What is using resources in a way that protects them for future generations?
Why might two countries with similar GDPs have very different qualities of life?
What is because their populations, access to services, or income distribution may vary widely?
Why do more developed countries have a larger percentage of their workforce in the tertiary and quaternary sectors?
What is because they rely more on services and knowledge industries rather than basic production?
What are three strategies governments can use to reduce population growth and improve quality of life?
What are providing education for women, improving gender and economic equality, and offering access to family planning services?
How does foreign debt impact a developing country's ability to improve quality of life?
What is that money used to repay debt cannot be spent on reducing poverty or funding healthcare and education, trapping citizens in a cycle of poverty?