WW #12 Vocab

Front

Scarcity means:

Back

Not enough of something you wanted.

Front

Economic system where government controls everything.

Back

Command

Front

High GDP per capita indicates...

Back

Higher standard of living

Front

High GDP per capita may lead to longer life due to better access to essentials like food and water.

Back

True

Front

Measure of living standard?

Back

HDI

Front

Literacy

Back

Ability to read and write

Front

Life expectancy is the average number of years a person can expect to live at any age.

Back

Average years a person can expect to live.

Front

GDP divided by population.

Back

GDP per capita

Front

Something done for you that you pay for (e.g., haircut, lawn mowing)

Back

services

Front

Total value of goods/services produced in a country in a year.

Back

GDP