A. What is an indicator?

1. indicator – a sign or signal from some information (like a test or experiment) that tells you something

2. A society’s economic level and activity can be measured by using various indicators.

B. What are the 5 most common economic

indicators?

1. Life Expectancy

2. Literacy Rate

4. Annual 4. Annual IncomeIncome

3. Infrastructure

5. Gross Domestic 5. Gross Domestic Product (GDP)Product (GDP)

C. Life Expectancy

1. Average number of years a person lives

2. What could be some reasons why a country’s life expectancy is low?

0

20

40

60

80

Age

U.S.A. Russia Ethiopia SouthAfrica

Country

Life Expectancy

Male

Female

D. Literacy Rate 1. Measurement of the

ability to read and write.

2. How could a low literacy rate affect the economy of a country?

Literacy rates

0

20

40

60

80

100

U.S.A. Russia Ethiopia SouthAfrica

Country

%

Males

Females

E. Infrastructure 1. basic facilities, services, and installations needed for the functioning of a community.

2. What do you consider to be basic services a country needs to function?

F. Annual Income

2. What factors could affect the average income of a person?

1. Average income of (money earned by) a person during a year

Average Annual Income

05000

10000150002000025000300003500040000

U.S.A. Russia Ethiopia SouthAfrica

Country

Inc

om

e in

U.S

. do

llars

G. Gross Domestic Product (GDP)

2. Which is better—a high GDP or a low GDP?

1. The total value of the goods and services produced in a country during a given time period

Gross Domestic Product

0

2

4

6

8

10

12

U.S.A. Russia Ethiopia South Africa

Country

$'s

gro

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H. What can these indicators

tell us about a

country?

1. under-developed

2. developing2. developing

3. developed

1. By analyzing this data, we can describe a nation as -

3. Developed: high literacy rate, life expectancy, strong infrastructure, high GDP

1. Under-developed: fewest jobs, fewest services, lowest literacy rate, little infrastructure, & shortest life expectancy…

2. Developing: few jobs, limited services, low literacy rate, little infrastructure, & short life expectancy…

Economic Indicator$ - Cloze Summary

A society’s economic level and _______ can be measured by using various _______. An indicator is _____. The 5 most common indicators are _,_,_,_, and _. The meanings of two of these terms are ____ means ____, and ___ means ____. By analyzing this data, we can describe a nation as __,__, or __. Countries with a high literacy rate are mostly ___, while countries with a low GDP are mostly ___.

Southeast Asia’sA.

B.

C.

0

20

40

60

80

Age

U.S.A. Russia Ethiopia SouthAfrica

Country

Life Expectancy

Male

Female

Literacy rates

0

20

40

60

80

100

U.S.A. Russia Ethiopia SouthAfrica

Country

%

Males

Females

Average Annual Income

05000

10000150002000025000300003500040000

U.S.A. Russia Ethiopia SouthAfrica

Country

Inco

me

in U

.S. d

olla

rs

Doctors per 100,000 people

0

100

200

300

400

500

U.S.A. Russia Ethiopia South Africa

Country

# of

doc

tors