Theories/Models
This model analyzes birth and death rates to show how countries develop.
Demographic Transition Model(DTM)
GDP is an abbreviation for this economic measurement
Gross Domestic Product
What does bulk-gaining mean?
When something weighs more after the product is manufactured.
What is the Economic Sector that is a knowledge-based part of the economy?
Quaternary
What is the definition of industrialization?
transformation from an agricultural economy to one based on manufacturing
List one major difference between a MDC and a LDC.
MDCs -
higher income levels
advanced technology
well-developed infrastructure
LDCs -
struggle with low incomes
limited technology
underdeveloped infrastructure.
The definition of Gross National Income
What is the total income earned by a country's residents
What is the definition for Mode of Transportation?
The different methods or systems used for moving people or goods, such as cars, buses, trains, planes, or ships.
What stage is this: It involves manufacturing and processing raw materials into finished goods like factories, construction, etc.
Secondary
Responsible travel to natural areas that conserve the environment
What is ecotourism
Name one core, semi-periphery, and periphery country.
Core - USA, Canada, Australia, Germany, and Japan
Semi-periphery - Russia, South Korea, Mexico, Brazil, and India
Periphery - Bangladesh, Benin, Guatemala, Bolivia, Central African Republic, and Cambodia.
The total value of goods/services produced by a country's residents.
GNP
Guatemala
Nepal
Chad
Sudan
Bolivia
(any periphery country)
Stage 1, because the main focus and income comes from agriculture.
Why might a country deindustrialize?
an area might deindustrialize due to things like globalization, technological advancements, or shifts in consumer preferences, these might lead to a decline in manufacturing jobs.
Name the stages of the Rostow Theory Of Economic Growth in order from 1-5.
1. Traditional Society
2. Preconditions for Takeoff
3. Takeoff
4. Drive to Maturity
5. High Mass Consumption
The Gender Inequality Index is a UN developed metric that measures these areas.
Gender disparities based on reproductive health, empowerment, and labor market participation.
Areas that have the goal of prioritizing the exportation of different goods out of the area is the definition for what vocab term?
Export Processing Zone (EPZ)
Name 3 services the tertiary sector provides.
Retail
Healthcare
Education
Transportation
Finance
Clustering of different economic activities/industries in a specific geographic area is the definition of what vocab term?
Agglomeration
Weber's Least Cost Theory
What is the definition of Human Development Index(HDI)?
A composite measure that assesses a country's average achievement in health, knowledge, and standard of living.
Copper smelting, steel production, and paper manufacturing are all examples of...
Bulk Reducing
Name the 5 Sectors in order.
Primary
Secondary
Tertiary
Quaternary
Quinary
State the main difference between the EU and NAFTA.
The main difference is that the EU doesn't focus on global trade whereas NAFTA wants to eliminate tariffs and trade barriers.