4.1.1 Growing Economies

Question 1

4 indicators of economic growth

Answer 1

• GDP Per capita
• Literacy rates
• Health
• Human development index

Question 2

GDP

Question 3

GDP per capita

Answer 3

• the GDP is divided by the number of people in a country.

Question 4

GDP per capita is a fairer comparison than GDP as the economy as a whole

T/F

Answer 4

TRUE

GDP of the economy doesn’t show the wealth of per person

Question 5

When looking to invest a business should look at

Answer 5

the trend/direction of GDP per capita.
- is it growing/decreasing.
- is it acceptable?

Question 6

literacy rate

Answer 6

the percentage of the population who can read/write

Question 7

What does an increasing literacy rate suggest?

Answer 7

• suggests more of the population are educated and able to work in skilled jobs

Question 8

How is the health of nation a good indicator of Economic growth

Answer 8

shows the prosperity of a country

health measures incl:
- life expectancy
- infant mortality rates
- access to clean water
- doctors per 100,000 ppl

Question 9

What is the HDI

(read notes)

Answer 9

Human development Index
Most accurate indicator as it takes into account all factors e.g Health, Education, income

Question 10

3 factors of HDI

Answer 10

• Life expectancy ( health)
• Many years of schooling
• Gross national income per capita ( illustrates the wealth of a population)