measuring wealth
what is global domestic product?
the total value of a country's production over a year.
what is global development?
to help improve quality of life around the world
what are natural resources?
resources that come from nature.
what is GDP per capita?
the total wealth of individuals over a year.
what is economic development?
improving the economy of a country(if you got this wrong you should just leave the class).
why does Chad have low quality of life if it has so much oil?
it started tapping into it very late and has very low literacy rates.
what is economy?
the system that allows goods and services are produced, sold and bought in an area.
how much did switzerland improve it's life expectancy?
6.8 years.
what are the three geographic factors?
natural resources, location, human resources
how do geographers define wealth?
the total value of a country's resources
why has switzerland's quality of life improved?
it has a low unemployment rate and skilled workers.
what are human resources?
people with skills and knowledge.
why is employment important for wealth?
If a country has a lot of workers it is much better at producing resources.
how much is switzerland's GDP per capita?
over 80 thousand dollars.
what is location?
location means an area's distance to important things like water or traders.