Geo Unit 2 Key Terms

A summary measure of average achievement in key dimensions of human development: a long and healthy life, education, and a decent standard of living.

• Gross domestic product (GDP)

• Human development index (HDI)

• Economic complexity

• Self-sufficiency

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

• Gross domestic product (GDP)

• Human development indedx (HDI)

• Economic complexity

• Self-sufficiency

When a country buys goods from another country with the intention to resell those goods.

• Export

• Interdependency

• Import

• Self-sufficiency

When a country sells goods to another country.

• Export

• Interdependency

• Import

• Self-sufficiency

Refers to the limited availability of a resource in comparison to limitless wants.

• Self-sufficiency

• Interdependency

• Economic complexity

• Scarcity

Reliance on a global trade network.

• Scarcity

• Self-sufficiency

• Interdependency

• Economic complexity

A measure of knowledge in a society shown by the products it makes.

• Gross domestic product (GDP)

• Human development index (HDI)

• Economic complexity

• Self-suffciency

A country using its own natural resources to produce all its goods and services, instead of trading with other countries.

• Interdependency

• Self-sufficiency

• Import

• Export