The value of all final output produced by the

countries' citizens and resources,

regardless of the location.
GNP

Gross domestic product divided by the

population is called
● population growth
● national income
● income tax
● none of the above

Development is the process of improving

the quality of all human lives and
capabilities by raising people’s levels of
living, self-esteem, and freedom.
True

The three core values of development are

self-esteem, servitude and sustenance.
False

Development entails widening the economic

and social choices available to individuals.
True

This occurs when the real GDP declines for

at least two consecutive quarters (6
months).
Recession

The three core values of development

freedom, self-esteem and sustenance

GNP is geographically focused while GDP

is not
False