The aid lingo!

The aid lingo! Year level: Upper secondary Learning outcomes Students define economic terminology associated with overseas aid Use the glossary at http://www.globaleducation.edna.edu.au/globaled/page759.html and/or an economics textbook and/or an economics dictionary to check your understanding by defining each of these key terms/concepts: Developing countries Developed countries Absolute poverty Relative poverty Economic development Sustainable development Economic growth Standard of living Gross Domestic Product (GDP) Gross National Income (GNI) Official Development Assistance (ODA) Bilateral aid Multilateral aid Non-government organisations Assessment task Develop an explanation of the meaning of the terms and phrases in bold in the following statement to someone who has no knowledge of economics. The objective the Australian Government's aid program is 'to assist developing countries reduce poverty and achieve sustainable development, in line with Australia 's national interest' .