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The EU is one of the most developed regions in the world.

Economically Advanced Economies

Economically advanced economies are the world’s richest countries, with strong industries and services. This GCSE Geography quiz tests how well you understand their characteristics and global roles.

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Fascinating Fact:

Economically Advanced Economies are countries with high levels of income, developed industries, and well-established service sectors.

In GCSE Geography, pupils study economically advanced economies (EAEs) as countries with strong industrial bases, skilled workforces and high living standards. You compare their employment structure, trade patterns and global influence with developing and emerging economies, often using data such as GDP, life expectancy and access to services.

Key Terms

Economically Advanced Economy (EAE): A country with a high standard of living and productive industries, where many people work in well-paid service and knowledge-based jobs.
Gross Domestic Product (GDP): The total value of all goods and services produced in a country in one year, often used to compare the size of different economies.
Tertiary sector: The part of the economy that provides services, such as healthcare, education, retail, transport and finance, rather than making physical products.

Frequently Asked Questions (Click to see answers)

What is an economically advanced economy in GCSE Geography?

In GCSE Geography, an economically advanced economy is a high-income country with modern technology, skilled workers and good infrastructure. Most people are employed in services rather than farming, and the government can usually invest more in health, education and transport.

Which countries are examples of economically advanced economies?

Common examples include the United Kingdom, Germany, France, Japan, the United States and Australia. These countries have long-established industries, well-developed service sectors and relatively high average incomes compared with many developing and emerging countries.

How do economically advanced economies differ from developing countries?

Economically advanced economies usually have higher incomes, better healthcare and education, and more reliable infrastructure than developing countries. However, they can also face challenges such as ageing populations, high energy use and large carbon footprints, which you explore in GCSE case studies.

Try These Related Quizzes

1 .

What is GDP?

Gross domestic product - Total value of goods and services produced by the country in a single year

Greater domestic production - Total economic output of a country per year

Gross demographic product - Total output of the nation per capita (per person)

Greater disciplined production - The improvement of the national produce as the country develops

A larger GDP means there is more money to invest in improving the country, including education and health

2 .

What are the spending priorities of an economically advanced economy?

Health and Education

Military expenditure

Paying off debts

Controlling internal conflicts

As economies develop, they look to improve the lives and skills of the population, rather than spending on the military and paying off their debts

3 .

Why is the inequality in wealth an important measure of a country's economic development?

The greater the inequality, the faster the economy can grow due to very rich individuals

Inequality can hinder growth as the poorer members of society struggle with poverty

A society is more advanced if everyone has equal wealth

Inequality is a minor measure in economic growth

Nations whose wealth inequality is pronounced are more likely to have a large proportion of the population living below the minimum standards required for a country to grow and prosper

4 .

What is the Human Development Index?

A measure of how an individual human can help the economy grow

The factors that lead to deaths and influence life expectancy

A measure of the non-economic aspects of a country's economy

The measure of how a government treats its population

There are a wide number of measurements in the HDI, including access to education, risk of disease and infant mortality rates

5 .

Which of these nations is not seen as being economically advanced?

The UK

Australia

United States

China

China is an emerging economy - relatively low literacy rates, as well as various other unfavourable economic indicators, are countered by being a global mega power

6 .

How will birth and death rates change as economies become more developed?

Birth rates and average life expectancy will both go up

Birth rates will go up and average life expectancy will go down

Birth rates and average life expectancy will both go down

Birth rates will go down and average life expectancy will go up

There is a direct correlation between birth rates and female literacy rates - so as the nation develops birth rates fall. At the same time, better health care and security mean that average life expectancy increases, helped in part by a reduction in infant mortality

7 .

What is the pattern of development in the EU?

All nations are developing at the same rate

Some nations are established, whilst others are still emerging

All nations are fully developed

All nations are developing into advanced economies

The EU comprises countries from both Western and Eastern Europe. As one of the most developed regions, Western Europe represents a huge proportion of the world's economically advanced economies. Eastern Europe on the other hand, has a number of developing nations

8 .

Inflation is a measure of how much the prices of goods, services and wages rise each year. Why does high inflation show that the economy is not developed?

Only newly formed economies show high levels of inflation

High inflation shows the government does not have control of the economy

If rapid inflation occurs the goods will become cheaper for people to buy

High inflation means that the GDP is going up rapidly

Inflation can be a huge problem if it goes out of control, devaluing the country's economy and making it unattractive to investors

9 .

What is the correlation between literacy and GDP per capita?

A weak, positive correlation

A strong, negative correlation

A weak, negative correlation

A strong, positive correlation

A skilled workforce allows for people to undertake more skilled jobs and so increase their economic outputs. Also, as a country's GDP rises it has more money to spend on education, in turn increasing literacy

10 .

What does economic structure measure?

The ratio between primary, secondary and tertiary sectors

The inequality between the richest and poorest sections of the population

The spending priorities of the government

The rate of economic growth

As a country develops, the skilled and financial sectors will improve, changing the ratio between these three sectors

You can find more about this topic by visiting BBC Bitesize - Urbanisation in MEDCs

Author: Ruth M