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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