Economics Basics

Front

What does GDP stand for?

Back

Gross Domestic Product

Front

What is GDP?

Back

The total value of goods produced and services provided in a country during one year.

Front

Gross Domestic Product (GDP) per capita

Back

the average person's income per year

Front

Literacy Rate

Back

percentage of a population that can read and write

Front

Limited Government

Back

government's power is restricted by law (constitution)

Front

Unlimited

Back

a single ruler or a small group of people holds absolute power, with no legal restrictions (Laws)

Front

Totalitarian

Back

government holds complete authority over all parts of its citizens' lives

Front

Dictator

Back

ruler with total power over a country, control by force.

Front

Constitution

Back

Laws that organize a government

Front

Population Density

Back

measurement of the number of people living within an area