Differences In Economic Development Between Countries
Overview
Why is the average person in one country far richer, healthier and better educated than in another? Countries sit at very different stages of economic development, and the gaps are wide. The reasons are not random; they follow patterns economists can identify.
In this lesson you will explore the main differences between more and less developed countries: in income and productivity, population growth, the balance of farming, industry and services, saving and investment, and the quality of education, healthcare and natural resources. Understanding these differences explains why development varies and how it might be raised.
Objectives
- differences in: - income - productivity - population growth - size of primary, secondary and tertiary sectors - saving and investment - education - healthcare - natural resources
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Lesson Evaluation
Congratulations on completing the lesson on Differences In Economic Development Between Countries. Now that youve explored the key concepts and ideas, its time to put your knowledge to the test. This section offers a variety of practice questions designed to reinforce your understanding and help you gauge your grasp of the material.
You will encounter a mix of question types, including multiple-choice questions, short answer questions, and essay questions. Each question is thoughtfully crafted to assess different aspects of your knowledge and critical thinking skills.
Use this evaluation section as an opportunity to reinforce your understanding of the topic and to identify any areas where you may need additional study. Don't be discouraged by any challenges you encounter; instead, view them as opportunities for growth and improvement.
- As a country develops, the share of workers in the primary sector usually: A. rises B. falls C. stays the same D. doubles Answer: B
- The secondary sector consists of industries that: A. extract raw materials B. manufacture goods C. provide services D. import goods Answer: B
- Low incomes in a country tend to lead to: A. high saving B. high investment C. low saving and low investment D. fast productivity growth Answer: C
- If real GDP grows by 3% and population grows by 3%, real GDP per head: A. rises by 6% B. is roughly unchanged C. falls by 3% D. doubles Answer: B
- Which is true of natural resources and development? A. they guarantee development B. they have no effect C. they help only if managed and invested well D. they always cause poverty Answer: C
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