Vocab
Define inflation.
Progressive increase in prices of goods and services int an economy. Currency buys fewer goods and services.
What is the main difference between a public sector and a private sector? Provide an example of each.
Public- Part of the economy composed of public services and public enterprises. (teachers, doctors)
Private- Part of economy owned by private groups with the main goal of profit. (Nike, HEB)
Provide and example of a country that is a MDC and a LDC.
Options
What were the two most significant resources in Africa?
Salt and gold
Who won Entertainer of the Year at the ACM Awards?
Lainey Wilson
What does GDP stand for and define what it is.
Gross Domestic Product
Measure of the size and health of a country’s economy over one year.
Identify and define the main four economic systems.
Traditional
Command
Market
Mixed
What are the 4 food production methods we talked about and how do they relate to a country's development.
Hunting and gathering
herding
subsistence farming
commercial farming
Describe the human geography of Africa.
Options
How many states does the Appalachian Trail cross?
14
What does HDI stand for and what does it show?
Human Development Index.
Composite index of life expectancy, education, and income per person. Ranks countries into tiers of human development.
This sector is where diamonds go to get refined to be sold at a jewlers.
Secondary
Explain the HDI of a more developed country.
Higher life expectancy, more access to healthcare and education, higher incomes with livable wages.
Explain the significance of Timbuktu and Gao.
Trade centers turned into knowledge centers by Mansa Musa.
Which three zodiac signs are water signs?
Cancer, Pisces and Scorpio
Define the European Union and explain their purpose.
A economic and political alliance that aims to maintain peace, prosperity, and stability.
List the Four Factors of Production and define each.
Land
Labor
Capital
Entrepreneurs
Explain what are some characteristics that play a role in determining whether a country is considered developed or developing?
HDI, economy, GDP, etc
Describe the role of religion during Mansa Musa's rule.
Islamic ruler who sought to educate others on the islamic faith. Went on a pilgrimage to Mecca and funded islamic libraries, universities, and mosques.
Which month of the year is National Ice Cream Month?
July
This measures wealth inequality.
What are the four economic sectors and provide an example of each.
Primary
Secondary
Tertiary
Quaternary
What is a GINI Coefficient? What does it show?
Statistical measure of inequality in the distribution of income, wealth, or consumption within a country.
Explain 2 economic problems Africa faces today and how these problems came to be.
Colonization caused many countries in Africa to be economically underdeveloped and have no funding to develop properly.
How old was Queen Elizabeth II when she was crowned the Queen of England?
27