4.1.1

Question 1

What does BRICs stand for?

Answer 1

Brazil, Russia, India, South Africa.

Question 2

What does MINT stand for?

Answer 2

Mexico, Indonesia, Nigeria, Turkey

Question 3

What is the growth domestic product?

Answer 3

GDP is a measure of all the goods and services produced in a country divided by the number of people in the country.

Question 4

What are the issues with GDP?

Answer 4

Real GDP - using figures adjusted for inflation, reported figures for each individual, comparing currencies (can be hard with different currencies).

Question 5

How is Health an indicator of growth?

Answer 5

The health of a nation is a good indicator of the standard of living and the potential demand and prosperity in a country.

Question 6

What are the measures of health?

Answer 6

Life expectancy, infant morality rates, access to clean water, doctors per 100,000 people.

Question 7

How is literacy an indicator of growth?

Answer 7

Literacy rates give an indication of standard of living in terms of the quality of education and the skills of the workforce in a country. As literacy rates improve so will the nature of the product and service bought and sold in that country.

Question 8

What is HDI?

Answer 8

Human development index combines a range of economic statistics for a country. The purpose of the HDI is to focus on a country’s people rather than simply the economic context.

Question 9

What does HDI measure?

Answer 9

Life Expectancy, Mean years of schooling, Gross national income.