Gross Domestic Product (GDP) is the total value of goods and services produced by a country in a year. 1206380920: Human Development Index (HDI) Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy. So that GNI can compared more fairly among nations with widely different populations and standards of living, the World Bank uses GNI per capita., The World Bank also uses the purchasing power parity (PPP) method, which excludes the impact of exchange rates. THe CULTURAL LANDSCAPE An Introduction to Human Geography (AP EDITION) Related Study Materials. definition of identity according to gill 15 Cards Preview Flashcards Chapter 6 Language. gross domestic product (GDP) the total monetary value of all goods and services produced domestically by a country hemisphere half of the Earth human characteristics characteristics that reflect the human make-up of an area human development index A 7. The United Nations Human Development Index is based on the assumption that a country' s development (A) (B) (D) is directly related to its position in the core or periphery is a function of social, demographic, and economic factors can improve if countries liberalize trade policies is indicated most accurately by its gross domestic product OECD. Use these flashcards to help memorize information. Per capita income (PPP) is around $7,641, ranked 144th. Alternative to international trade that emphasizes small businesses and worker owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply with minimum environmental and safety standards, Compares the ability of women and men to participate in economic and political decision making, Compares the level of development of women with that of both sexes, The value of the total output of goods and services produced in a country in a given time period (normally 1 year), Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy, The percentage of a country’s people who can read and write, A company that conducts, research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located, The total value of all goods and services produced by a country’s economy in a given year. Bhutan has a gross domestic product of around US$5.855 billion (adjusted to purchasing power parity), making it the 158th-largest economy in the world. Then tap the card to flip it. GNP counts the investments made by U.S. residents and businesses—both inside and outside the country—and computes the value of all products manufactured by domestic companies, regardless of where they are made.. Play this game to review Other. Created. When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. When you've placed seven or more cards in the Don't know box, tap "retry" to try those cards again. The output of a Toyota plant in Kentucky isn't included in GNP, although it's counted in GDP, because the revenue from the sales of Toyota vehicles goes to Japan, even though the products are made and sold in the United States. GNP per capita is a measurement of GNP divided by the number of people in the country. Sectors of the economy (trends and implications) 4. "Understanding National Accounts: Second Edition," Page 20. The Advanced Placement Human Geography (APHG) course introduces students to the systematic study of patterns and processes that have shaped human understanding, use, … Gross national product (GNP) is the value of all goods and services made by a country's residents and businesses, regardless of production location. A 17. “Gross National Product (GNP).” Accessed May 13, 2020. It doesn't stimulate economic growth in the United States because those manufacturing jobs were outsourced. Student B read the same chapter in three hours because she was also listening to music, texting a friend, and eating snacks. Total Cards. His experience is relevant to both business and personal finance topics. “Economy.” Accessed May 13, 2020. Gross Domestic Product: The value of the total output of goods and services produced in a country in a given time period (normally 1 year). Start studying AP Human Geography Chapter 10 Vocab. E 3. Ex: ... GNP (Gross National Product) Definition. 26. The following summary is from AMSCO AP Human Geography: The hearth of the Industrial Revolution was Great Britain in the 18th century. While GDP is a measure of an economy’s health, GNP tells us about a country’s real income. Level. AP Human Geography 9.3 Human Development Index Activity Caroline Howes / 1 Instructions The Human Development Index (HDI) is used to evaluate the level of development of the world’s nations. Test 2. Millennium Development Goals 11. For that, you should use gross domestic product (real or nominal)—which measures production inside of a country, no matter who makes it. Geographic distribution of the sectors of the economy 5. GNP is also affected by changes in a country's currency exchange rates. Image by Adrian Mangel © The Balance 2019, Gross national product (GNP) is the value of all goods and services made by a country's residents and businesses, regardless of production location. Chapter 6: Language ... gross national product gnp, gross domestic product gdp, gross national income 51 Cards ... AP Human Geography Flashcard maker: Ika Lin. GNP doesn't count any income earned in the United States by foreign residents or businesses, and excludes products manufactured in the United States by overseas firms. GNP is the same as GDP + Z. That means GNP is a more accurate measure of a country's income than its production. We do not share your email address with others. Gross domestic product (GDP) The value of the total output of goods and services produced in a country in a given time period (normally 1 year). That makes it possible to compare the GNP of countries with different population sizes. Although GNP reflects the financial standing of a nation, GNP is not an accurate measure of economic health because: For these reasons, the United States ceased using GNP in 1991 as an indicator and adopted GDP instead. GDP is still commonly used internationally.. Instead, it values each nation's output by what it would be worth in the United States., The CIA Factbook doesn't measure GNP; it only uses GDP. This income can be a significant factor in boosting economic growth and would be counted in GNP, but it isn't counted in GDP—which may cause the economic power of these economies to be understated.. E 14. The definition of cultural diffusion (noun) is the geographical and social spread of the different aspects of one more cultures to different ethnicities, religions, nationalities, regions, etc. History. C 13. Kimberly Amadeo has 20 years of experience in economic analysis and business strategy. Description. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out. Bureau of Economic Analysis. Depends Who You Ask, Per Capita: What It Means, Calculation, How to Use It, GDP: Understanding a Country's Gross Domestic Product, The Surprising Ways China Affects the U.S. Economy, Why You Should Care About the Nation's Debt, Glossary: National Income and Product Accounts, Understanding National Accounts: Second Edition. The World Bank. As people learned to use water power and coal energy to manufacture goods, they saw large increases in agricultural productivity, population, and wealth. B 16. Central Intelligence Agency. Gross National Product (GNP)- Measure of the total value of officially recorded goods and services produced by the citizens and corporations of a country in a given year. Terms of Service. It includes things both produced It is used to measure and track a nation's wealth from year to year. ... the legal economy that is taxed and monitored by a government and is included in a government's Gross National Product. B 12. Make sure to remember your password. … D 10. ⚡ Watch: AP Human Geography - Industrialization. AP Human Geography Ch.9 Vocabulary. B 2. The social factors of the HDI are. It includes all goods and services produced … My Flashcards. The demographic factor of the HDI is . If you've accidentally put the card in the wrong box, just tap on the card to take it out of the box. Search. “GDP Formula.” Accessed May 13, 2020. Browse. That stands for GNP = Consumption + Investment + Government + X (net exports) + Z (net income earned by domestic residents from overseas investments minus net income earned by foreign residents from domestic investments).. Otherwise, tap the red Don't know box. C 18. The definition came from developed countries. ... For example, student A may read a chapter in an AP Human Geography study guide in an hour. Definition: o a country organized in such a way that most power is placed in a central government , or there is limited political power at subnational scales of governance “Fundamentals of Purchasing Power Parities.” Accessed May 13, 2020. Home » AP Human Geography » Outlines » Human Geography: Culture, Society and Space, 8th Edition Textbook. Maintains that all countries go through 5 interrelated stages of development, A general term for a model of economic development that treats economic disparities among countries or regions as the result of historically derived power relations within the global economic system, Structuralist theory based on the idea that certain types of political and economic relations between countries and regions of the world have created arrangements that both control and limit the extent to which regions can develop, Theory originated by Immanuel Wallerstein and illuminated by his three-tier structure, proposing that social change in the developing world is inextricably linked to the economic activities of the developed world, With reference to Immanuel Wallerstein’s world-systems theory, the division of the world into the core, the periphery, and the semi-periphery as a means to help explain the interconnections between places in the global economy, Zones established by many countries in the periphery and semi-periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment, Specific area within a country in which tax incentives and less stringent environmental regulations are implemented to attract foreign business and investment, Economic activity that is neither taxed nor monitored by a government, and is not included in that government’s Gross National Product (GNP); as opposed to a formal economy, The diffusion outward of the benefits of economic growth and prosperity from the power center or core area to poorer districts and people, A level of economic and social achievement below what could be reached- given the natural and human resources of an area- were necessary capital and technology available, The total value of goods and services produced by a country per year plus net incomes earned abroad by its nationals; formerly called “gross national product.”, LEFT ARROW - move card to the Don't know pile. 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