Human Development Index (HDI) - created by the UN, summary measure of average achievement in key dimensions of human development, Gross Domestic Product (GDP) - value of total output of goods and services produced in a country in a year, Gross National Product (GNP) - the total of value of goods produced and services provided by a country during one year plus net income from foreign investments, GNI per capita PPP - dollar value of a country's final income in a year divided by its population, adjusted to U.S. currency, Primary Sector - extracting raw materials from Earth--farming, fishing, mining, Secondary Sector - manufacturing materials into other goods--factories making cars, appliances, clothes etc., Tertiary Sector - Service economy--teacher, doctor, uber driver etc., Quaternary Sector - specialized tertiary activities in the knowledge sector, anything where you are generating or exchanging knowledge, Quinary Sector - Gold-collar professions such as highest paid business execs, govt officials, research scientists,

Economic Development Terms

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