Developed Nation

a nation with many industries and very few poor people who are unable to buy the things they need

Developing Nation

a nation with few industries and larger amounts of people who are struggling to buy the things they need.

​Gross Domestic Product

The total value of all goods and services produced by a nation in a given year. It is a good indicator of how healthy that nation's economy is.

​GDP Per Capita

Total amount of goods and services produced by a nation in a given year divided by the number of people living in that country. Another good indicator of economic health but be cautious...why?

Literacy Rate

The percentage of the population age (15 and older) that can read and write

Let's look at some data tables that show the relationships between these concepts...