what data is used to measure a society’s economic level?

What data is used to measure a society’s economic level? • Agriculture• Wholesale• Retail• Manufacturing (goods)• Service Industries

Agriculture• Primary Industry • Define: taking care of soil to grow crops and raise animals. • Examples: • Farming• Livestock raising

• Livestock for food• Meat• Cheese, milk, yogurt

• Livestock for wool, leather

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Wholesale• Tertiary Industry (Selling – service)• Define: the selling of a large quantity of goods to be sold (retailed) by

other stores. • The factory sells their good to the wholesaler, who sells their goods to

a store. • Examples: • Costco, Sam’s Club• Restaurant Wholesalers • Sally’s Beauty Supply• https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQ7W_1W1vgVGRUeLNH4r3MS2I7TP9obqlaA3C27_AGIMyzFr9xKXg

Retail• Tertiary Industry (selling – service)• Define: the sale of goods in small quantities to the public (consumer)• Examples:• HEB• Aeropostale• Hot Topic• Amazon • Wal-Mart

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Manufacturing (Goods)• Secondary Industry• Define: make something on a large scale using machinery.• Examples:• Clothing• Packaged food (Cheetos, Takis)• Shoes • Cars • Toys

• http://www.google.com/imgres?imgurl=http://pixabay.com/static/uploads/photo/2012/04/18/15/22/factory-37327_640.png&imgrefurl=http://pixabay.com/en/factory-building-manufacturing-37327/&h=525&w=640&tbnid=TDzTtu1crEnfnM:&zoom=1&docid=GKYOh1wIgRHKOM&ei=A3IuVevCHcWisAXGu4HIDw&tbm=isch&ved=0CEoQMygmMCY

Service Industries • Tertiary Industry and Quaternary Industry• Define: something that someone does in exchange for money• Examples:• Selling items (retail)• Hair Salons• Personal Trainer• Accountant• Doctor• Teacher • http://www.google.com/imgres?imgurl=http://pixabay.com/static/uploads/photo/2014/03/24/13/42/police-294107_640.png&imgrefurl=http://pixabay.com/en/police-service-officer-arrest-294107/

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Indicators of a society’s economic development• Life Expectancy• Gross Domestic Product (GDP)• GDP per capita • Literacy Rate

Life expectancy•How long you are expected to live based on your current age, gender, and where you are from.

Life expectancy

Life expectancy

Cia.gov• https://www.cia.gov/library/publications/the-world-factbook/rankord

er/2102rank.html

Gross Domestic Product• The value of all the goods and services a country makes in one year.

Gross Domestic Product, California, 2008

http://upload.wikimedia.org/wikipedia/commons/3/31/Gross_Domestic_Product_of_California_2008_%28millions_of_current_dollars%29.svg

GDP, South Africa, 2012

http://www.statssa.gov.za/?p=903

GDP per capita• The value of all the goods and services made in a country, in one year,

per person as an average. • Useful to compare different countries and their standard of living.

Per capita gross domestic product (GDP) average annual growth, 1990–2003

http://www.grida.no/graphicslib/thumbs/1805c933-493c-4b85-be16-ad06eb342332/large/per-capita-gross-domestic-product-gdp-average-annual-growth-19902003_15cf.jpg

Literacy Rate• Literacy is the ability to read and write.• The literacy rate of a country tells you the percentage of people who

can read and write in that country.

• https://www.cia.gov/library/publications/resources/the-world-factbook/