GDP per capita - Gross domestic product (GDP) per capita is a financial metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a nation by its population., least developed defined - highly vulnerable to economic and environmental shocks and have low levels of human assets., Four developing countries - Egypt, Arab Rep. El Salvador, Eritrea, United Nations - international organization founded in 1945 after the Second World War by 51 countries committed to maintaining international peace and security, developing friendly relations among nations and promoting social progress, better living standards and human rights., The International Monetary Fund (IMF) - has three critical missions: furthering international monetary cooperation, encouraging the expansion of trade and economic growth, and discouraging policies that would harm prosperity, capacity development assistance - Technical assistance and training to help governments to implement sound economic policies., Example of global economic outlook - Global growth is slowing in 2023 but should rebound in 2024. China reopening, a strong US labor market with cooling inflation, and a mild winter in Europe have all helped avoid the worst., developed nations defintion - sovereign state that has a high quality of life, developed economy and advanced technological infrastructure, United States, Germany, Japan - countries having an effective rate of industrialization and individual income, Most developed country in South America - Chile , Gross National Product (GDP) - monetary value, in local currency, of all final economic goods and services produced in a country during a specific period of ti, Human Development Index (HDI) - measures life expectancy, educational level, and income to determine social & economic development of a country,

Developed vs. Developing Nations

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