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348-357 Development - Coggle Diagram

- - - - Income
        
        GNI - Gross National Income
        
        value of output of goods and services / produced in a/ year
        inclues - money leaves and enters country
        
        GDP - Gross Domestic Product
        
        Value of output of goods and services produced in a country / year
        does NOT include money leaves and enters country
        
        PPP - Purchasing power parity
        
        adjustment to GNI
        Country A with same Income, but pays more for a prod than B
        Country B is good
      - Economic Structure
        
        Primary Sector
        
        Direct extract from earth
        Mining, Fishing and Forestry
        
        Secondary
        
        process, transform and assemble - finished consuer goods
        
        Tertiary sector
        
        goods and sevices excahge of money - Law, eduction, govt
      - Productivity
        
        amount of labor to make a product
        valued added per capita
        
        Developed countris - More productivity - more machines, tools equipments
  - - - Motor vehicles
      - Phones
      - Computers
  - - - Years of schooling for todays Adult
        
        age >25+ spent in school
      - Expected years of schooling Youth
        
        forecast - 5 year will spend in school
        Developed - 16.3 years
        Others -9.3 to 10.2 years
    - - Pupil/teacher ration
      - literacy rate