Economics
6.8(B)Measuring How Developed a Country Is
Describe levels of economic development of various societies using indicators such as life expectancy, gross domestic product (GDP), GDP per capita, and literacy.
Part of The student understands categories of economic activities and the data used to measure a society's economic level
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Intro
Measuring a Society's Wealth
How can you tell if a country's economy is doing well? Economists and geographers use four indicators: life expectancy, gross domestic product (GDP), GDP per capita, and literacy. Together these numbers describe whether a society is more developed, less developed, or somewhere in between.
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