4.1.1 Indicators Of Growth

Question 1

what is Emerging market economy (EMG)?

Answer 1

is defined as an economy with low to middle per capital income

Question 2

What is gdp

Answer 2

This is a measure of the goods and services produced in a country divided by the number of people in the country

Question 3

What are some issues with GDP

Answer 3

• real GDP, using figures adjusted for inflations
• Reported figures for each individual
• comparing currencies as it’s hard to compare different currencies

Question 4

Why is health a good indicator

Answer 4

Because it is a good indicator of standards of living, how far peoples incomes can stretch and potential demand/ prosperity

Question 5

What are some specific health indicators

Answer 5

• life expectancy
• infant mortality rate
• access to clean water
• doctors per 100,000 people

Question 6

Why is literacy a good indicator to look at

Answer 6

Indication of standards of living in terms of quality of education and the skills of the workforce in a country
- as literacy involves so will nature if products bought and sold in the country

Question 7

What is the human development index

Answer 7

Combines a range of economic statistics for a country

- purpose to focus on a countries people rather then only economic context

Question 8

What are some examples of what’s included in HDI

Answer 8

• life expectancy
• mean years of schooling
• Gross national income per capita