5 Written questions
4 Multiple choice questions
- a country with a weak economy and a low standard of living
- level of lifestyle. Shows wealth, material goods, services, necessities, and relative level of comfort that a population has.
- total value of all goods and services bought and sold in a year.
- total amount of goods and services brought into a country from another country for sale.
4 True/False questions
Developed nation → a country with a weak economy and a low standard of living
Per Capita → total amount of goods and services brought to a country from another country for sale.
Inflation rate → percentage change in the price of goods and services over the course of one year. Generally, as the price of goods rise, the buying power of money falls. This means that goods cost more as time goes on.
Education expenditures → The amount a country spends on education